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UPDATE: Morgan Stanley Reiterates On LifePoint Hospitals Following 3Q14 Report

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In a report published Monday, Morgan Stanley analyst Andrew Schenker reiterated an Equal-Weight rating on LifePoint Hospitals (NASDAQ: LPNT), but removed the $76.00 price target.

In the report, Morgan Stanley noted, “Our updated 2015 EBITDA est. of $700M reflects improving utilization trends and reform. The quarter saw positive underlying reform metrics as LPNT saw greater SS self-pay declines vs. 2Q. Separately, volumes in the quarter improved with SS equivalent admissions up 4.5% Y/Y.”

LifePoint Hospitals closed on Friday at $70.73.

Latest Ratings for LPNT

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

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Posted-In: Andrew Schenker Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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