UPDATE: Goldman Sachs Upgrades HCA Holdings to Buy on Election Outcome
Goldman Sachs raised its rating on HCA Holdings (NYSE: HCA) from Neutral to Buy.
Goldman Sachs commented, "With President Obama reelected, we are now more constructive long term on the hospital space. Thus, we are increasing our hospital price targets and upgrading HCA to Buy. Following the election, we believe that while deficit reducing measures loom over the industry, investor sentiment will ultimately improve as the longer-term benefits afforded by the Affordable Care Act remain intact. Our selective upgrade of HCA reflects the company's solid fundamentals and relative attractiveness as healthcare moves toward a more integrated model."
HCA Holdings closed at $30.93 on Tuesday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.