LifePoint (LPNT) Hospitals Get A Buy Rating

LifePoint Hospitals (NASDAQ: LPNT) has been given a ‘buy’ rating by analysts at Soleil Securities.

LifePoint Hospitals is a leading operator of non-urban hospitals. According to the presentation made by Top management, the company is expected to meet or beat its free cash flow guidance for Year 2009.

Earlier. the company had predicted the FCF for Year 2009 to be in the range of $120-$140 million. The company also expects to reap the benefits of strategic investments made during 2008 and in the first half of Year 2009. Soleil Capital has pegged the company’s price target at $38, which is a 14X multiple of E2010EPS.