Emergency Medical Services Corporation EMS could prove victorious over a potential contract win in Tacoma, WA, while the Santa Clara contract remains up for grabs.
EMS's strong balance sheet well positions AMR Corporation AMR and at 6.4x EBITDA, EMS remains a Buy rating, according to Jefferies & Company.
Jefferies estimates that the Tacoma contract could yield ~$5M annually and add $0.01 EPS for FY2011 once finalized, which would add to EMS's already strong (+$313M) balance sheet.
Jefferies maintains its Buy rating and $63 price target.
Emergency Medical Services closed yesterday at $48.05.
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Posted In: Analyst ColorNewsContractsManagementAnalyst RatingsAirlinesEmergency Medical ServicesHealth CareHealth Care ServicesIndustrialsJefferies & Co
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