UPDATE: Jefferies Raises Acadia Healthcare's PT

According to a research report published earlier today, Jefferies has increased Acadia Healthcare's

PT from $13 to $18. In the report, Jefferies commented, "ACHC is one of the few companies in our coverage list with substantial growth characteristics. Through a combination of acute inpatient psychiatric bed expansion/conversions, improved pricing and operating efficiencies, and acquisitions, ACHC is well positioned to grow earnings north of 25% over the next 3-5 years. Reiterate Buy/$18PT (up from $13)." Acadia Healthcare is currently trading at $14.99.