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UPDATE: Deutsche Bank Upgrades LifePoint Hospitals on Move to More Constructive Stance

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In a report published Thursday, Deutsche Bank analyst Darren Lehrich upgraded the rating on LifePoint Hospitals (NASDAQ: LPNT) from Hold to Buy, and raised the price target from $56.00 to $61.00.

In the report, Deutsche Bank noted, “We are moving to a more constructive stance on LPNT shares, and taking our PT to $61 (from $56). Our Buy rating (from Hold) and positive investment case are underpinned by DB's view that: (1) LPNT's M&A pipeline offers more tailwinds vs. headwinds, while also providing a credible EBITDA bridge to beat 2014 consensus. (2) LPNT could re-leverage moderately over the N-T, thus setting-up more accretive capital deployment vs. expectations. (3) LPNT's geographic footprint is more favorably exposed to Medicaid expansion states vs. many peers, thus setting-up N-T visibility in the context of the early PPACA exchange glitches. BUY rating better reflects more favorable stance on LPNT.”

LifePoint Hospitals closed on Wednesday at $50.93.

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: Darren Lehrich Deutsche BankAnalyst Color Upgrades Analyst Ratings

 

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