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UPDATE: Morgan Stanley Initiates Coverage on Envision Healthcare on Reform Pure Play

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In a report published Monday, Morgan Stanley analyst Andrew Schenker initiated coverage on Envision Healthcare Holdings (NYSE: EVHC) with an Overweight rating and $33.00 price target.

In the report, Morgan Stanley noted, “We are initiating coverage of EVHC at Overweight with a $33 price target. EVHC is one of the purest plays on healthcare reform, benefiting from the decline in the uninsured for its emergency department (EmCare) and ambulance (AMR) services without the related reimbursement risk.”

Envision Healthcare Holdings closed on Friday at $26.84.

Latest Ratings for EVHC

DateFirmActionFromTo
Apr 2016Stephens & Co.Initiates Coverage onOverweight
Feb 2016Cantor FitzgeraldMaintainsBuy
Feb 2016BarclaysMaintainsOverweight

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Posted-In: Andrew Schenker Morgan StanleyAnalyst Color Initiation Analyst Ratings

 

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