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UPDATE: Deutsche Bank Upgrades LHC Group to Buy

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Deutsche Bank raises its rating on LHC Group (NASDAQ: LHC) to Buy from Hold and raises its price target from $16.50 to $22.50 a share on the company's strategic competitive position.

Deutsche Bank says, "Q4 results were largely in-line w/expectations, but we believe the upside risks associated w/LHCG's previously announced strategic alternatives process remain compelling in light of its strategic positioning, recent resolution of gov't settlement and its undemanding valuation (5.8x 2012E EBITDA less NCI of $64M). We are raising our 12-month PT to $22.50 or 6.5x 2013 EBITDA and moving to Buy as we see LHCG's strategic alternatives process as multiple-enhancing."

LHC closed at $17.02 a share on Wednesday.

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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