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UPDATE: Deutsche Bank Reiterates, Raises PT on LifePoint Hospitals Following In-Line Q3 Results

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In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on LifePoint Hospitals (NASDAQ: LPNT), and raised the price target from $55.00 to $56.00.

In the report, Deutsche Bank noted, “Underlying Q3 results were mostly in-line after taking into account slightly better HITECH pmts vs. expectations. While inpt vols remain soft due to pressure on 1-day stays, outpt trends were solid and SS organic rev growth returned to slightly positive territory (+0.8% YoY). LPNT faces a few discrete headwinds associated w/rural hospital funding in 2014, but we believe YoY EBITDA growth should inflect due to declines in uninsured (ACA) and visibility into a solid M&A pipeline. We've updated ests to reflect pending M&A, offset by reduced funding in N.M. and slightly lower HITECH. Nudging PT to $56 from $55, but maintain Hold on weaker rural hospital fundamentals.”

LifePoint Hospitals closed on Friday at $49.92.

Latest Ratings for LPNT

DateFirmActionFromTo
Jul 2018MaintainsNeutralNeutral
Jul 2018MaintainsMarket PerformMarket Perform
Jul 2018DowngradesOutperformNeutral

View More Analyst Ratings for LPNT
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Greg PooleAnalyst Color Price Target Analyst Ratings

 

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