Market Overview

UPDATE: JP Morgan Initiates Community Health Systems at Overweight on Reform-Based Coverage Expansion

Share:
Related CYH
Sectors and Stocks To Watch If Hillary Clinton Is Elected
Avondale Initiates Quorum Health At Market Perform, $14 Target

JP Morgan initiated coverage on Community Health Systems (NYSE: CYH) with an Overweight rating and a $38 price target.

JP Morgan noted, "Community offers solid upside potential from reform-based coverage expansion, especially when considered against its 5.0x DEBT/EBITDA ratio. While leverage adds risk to the downside should the unforeseen occur, our JP Morgan Healthcare Reform Model estimates that CYH has the potential to see ~8.5% EBITDA upside from reform relative to our baseline model with its significant leverage leaving equity holders in the position to derive relatively outsized benefit in the form of stock price appreciation."

Community Health Systems closed at $30.32 on Monday.

Latest Ratings for CYH

DateFirmActionFromTo
Jun 2016Ladenburg ThalmannUpgradesNot RatedUnderperform
May 2016Morgan StanleyDowngradesUnderweight
May 2016Leerink SwannUpgradesMarket PerformOutperform

View More Analyst Ratings for CYH
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (CYH)

View Comments and Join the Discussion!