Market Overview

UPDATE: J.P. Morgan Initiates Coverage on Surgical Care Affiliates on Good Market Position

Share:

In a report published Monday, J.P. Morgan analyst Justin Lake initiated coverage on Surgical Care Affiliates (NASDAQ: SCAI) with an Overweight rating and $34.00 price target.

In the report, J.P. Morgan noted, “We are initiating coverage of Surgical Care Affiliates with an Overweight rating and a Dec-2014 price target of $34. We see the company as strongly positioned to be a consolidator in the fragmented ambulatory surgery center (ASC) industry, with its positively differentiated health system partnership strategy driving a capital-efficient growth model both organically and via M&A. SCA has signed up a significant number of health system partners over the last several years, providing strong visibility on its current M&A pipeline. With ASCs positioned as low cost solutions for the inevitable shift to affordability, SCA could see additional benefits here over the intermediate-to-longer term as the industry evolves to reflect an increasing percentage of healthcare spending being driven by individual purchasing decisions (greater price sensitivity), capitated or bundled contracts and ACOs.”

Surgical Care Affiliates closed on Friday at $28.93.

Latest Ratings for SCAI

DateFirmActionFromTo
Jan 2017Initiates Coverage OnNeutral
Jun 2016DowngradesBuyNeutral
Feb 2016MaintainsBuy

View More Analyst Ratings for SCAI
View the Latest Analyst Ratings

Posted-In: J.P. Morgan Justin LakeAnalyst Color Initiation Analyst Ratings

 

Related Articles (SCAI)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
VIACJP MorganReinstates50.0
NUVASVB LeerinkMaintains92.0
SRPTCantor FitzgeraldMaintains211.0
SRPTPiperJaffrayMaintains210.0
LULUGoldman SachsMaintains219.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Jefferies Initiates Coverage on Criteo SA on Best Play on Rapid Growth in Programmatic Ad Buying

UPDATE: Bank of America Upgrades Caterpillar Following Visit to SOLAR Turbine Facility