UPDATE: Stifel Nicolaus Initiates Team Health Holdings with Buy, $26 PT on Sustainable Growth Outlook

Stifel Nicolaus initiates its coverage on Team Health Holdings

with a Buy rating and a $26 price target. Stifel Nicolaus notes, "Team is the second-largest manager of hospital emergency departments and is a significant operator of hospitalist and anesthesiology programs and military staffing. We base our rating on our view that the company can sustain growth via same contracts, new contracts, and acquisitions." TMH closed at $22.23 on Monday.