Market Overview

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

Share:
Related CYH
Community Health, Universal Health Ratings Slashed By KeyBanc's Gurda: Here's Why
Obamacare Stocks Get A Supreme Court Surge

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
Aug 2015Mizuho SecuritiesReiteratesBuy
Aug 2015Raymond JamesUpgradesMarket PerformOutperform
Aug 2015JefferiesMaintainsBuy

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!

Get Benzinga's Newsletters