UPDATE: Jefferies Raises PT to $45 on HCA Holdings on Hospital Sector Outlook
Jefferies reiterated its Buy rating on HCA Holdings (NYSE: HCA) and raised the price target from $30.00 to $45.00.
Jefferies noted, "We remain bullish on HCA given our positive view on the hospital sector for the next 12 months. We believe near-term news flow, including earnings results and financial guidance, as well as reimbursement changes resulting from deficit reduction efforts, will prove immaterial to the stock as investors focus more on the upside opportunity resulting from the scheduled implementation of Obamacare in 2014."
HCA Holdings closed at $38.22 on Friday.
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