UPDATE: Goldman Sachs Upgrades Community Health Systems; Raises PT
According to a research report published this morning, Goldman Sachs upgrades Community Health Systems (NYSE: CYH) from Sell to Neutral, and increased PT from $19 to $27.
Goldman Sachs commented in the report, "CYH has shown improved results over the past two quarters driven by strong execution, lessening impact from changes to admitting practices that followed the government investigation, and stabilization of secular volume trends. Meanwhile, concerns over the government investigation, which is still ongoing, appear to have subsided (among other factors, there have been no significant new negative disclosures). Also, CYH remains an ‘acquirer of choice' in the hospital industry as economies of scale appear set to increase ahead of health reform implementation."
Community Health Systems closed yesterday at $24.34.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.