UPDATE: Stifel Nicolaus Raises PT to Team Health Holdings on Q4 Beat

Stifel Nicolaus maintained Team Health Holdings (NYSE: TMH) with a Buy rating and raised the price target from $35.00 to $37.00.

Stifel Nicolaus commented, "Team Health Holdings reported fourth quarter EPS of $0.39, ahead of our at-consensus $0.36 estimate, aided by both the severe flu season and a lower-than-expected tax rate. We are raising our earnings estimates and target price, as we expect the company will continue to grow internally, via new contracts, and through accretive acquisitions, likely complemented by Medicaid parity (though we exclude this benefit from our estimates)."

Team Health Holdings closed at $33.74 on Tuesday.

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