UPDATE: Goldman Sachs raises target price on Community Health Systems

In a report published on Wednesday, Goldman Sachs analysts raised the target price on

to $48.00 from $44.00 while maintaining a Neutral position on the company. In the report, Goldman Sach's analysts state, "CYH announced plans to acquire HMA [Health Management Associates, Inc] for $13.78/sh in a cash plus stock transaction...We view this proposed deal as a long term strategic positive for CYH as it would allow the company to consolidate its presence in markets like Florida, Pennsylvania, Tennessee and Texas... We raise our 12m target to $48...rewarding CYH for increased focus on capital allocation and shareholder returns. Community Health Systems traded down 0.48% on Wednesday, to $45.36.