UPDATE: Cantor Fitzgerald Initiates Coverage on Envision Healthcare on Market Leader Position
In a report published Monday, Cantor Fitzgerald analyst Joseph D. France initiated coverage on Envision Healthcare Holdings (NYSE: EVHC) with a Buy rating and $32.00 price target.
In the report, Cantor Fitzgerald noted, “We are introducing coverage of Envision Healthcare Holdings, Inc. with a BUY rating and a $32 price target. Envision, which completed its IPO on 8/13/13 at $23, comprises two of the health care industry's largest providers of hospital physician staffing and emergency transportation services. We believe that these businesses are highly complementary and that the company will continue to grow as the population ages, cost pressures increase the percentage of these businesses that are outsourced, and the industry consolidates in order to become more efficient.”
Envision Healthcare Holdings closed on Friday at $26.84.
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