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 (NYSE: 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.
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Tags: J.P. Morgan