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JP Morgan initiated coverage on HCA Holdings
HCA with an Overweight rating and a $31.21 price target.
JP Morgan noted, "We see HCA as well-positioned from both a fundamental and coverage expansion standpoint heading into 2014 Healthcare Reform implementation. Fundamentally, the company benefits from strong local and national scale, allowing for above-average growth, margin and FCF profile. Looking ahead to reform, our JP Morgan Healthcare Reform Model estimates that HCA has among the highest upside leverage to coverage expansion in 2014E-16E."
HCA Holdings closed at $31.21 on Monday.
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