UPDATE: J.P. Morgan Raises PT on Community Health Systems on Expected Coverage Expansion

In a report published Monday, J.P. Morgan analyst Justin Lake reiterated an Overweight rating on Community Health Systems CYH, and raised the price target from $38.00 to $52.00. In the report, Lake noted, “Our Community Health thesis is predicated on coverage expansion under reform providing a substantial boost in 2014, a large asset base providing geographic diversification and scale advantages, system M&A integration being a core competency of management, operating impact from THC bid/investigations moderating, and a solid focus on physical recruitment supporting top-line growth.” Community Health Systems closed on Friday at $44.94.