Market Overview

UPDATE: Bank of America Initiates Coverage on Envision Healthcare on Multiple Positive Factors

Related EVHC
JP Morgan Downgrades Team Health To Neutral Amid Recent Upside
Earnings Scheduled For February 22, 2016

In a report published Monday, Bank of America analyst Kevin Fischbeck initiated coverage on Envision Healthcare Holdings (NYSE: EVHC) with a Buy rating and $34.00 price target.

In the report, Bank of America noted, “We are initiating coverage of Envision (EVHC), the largest provider of medical emergency services in the US, with a Buy rating and $34 PO. The defensive characteristics of the business, low- to mid-double-digit organic top line growth excluding Reform, and the fastest EBITDA growth in our coverage universe driven by the Reform benefits warrant a premium multiple vs most names in the sector. Our $34 PO is based on 13.6x our 2014E EBITDA, at a 6% premium to the PO multiple we use for our TMH PO.”

Envision Healthcare Holdings closed on Friday at $26.84.

Latest Ratings for EVHC

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

View More Analyst Ratings for EVHC
View the Latest Analyst Ratings

Posted-In: Bank of America Kevin FischbeckAnalyst Color Initiation Analyst Ratings


Related Articles (EVHC)

View Comments and Join the Discussion!