JP Morgan initiated coverage on Community Health Systems 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 Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in