Goldman Sachs Downgrades Team Health (TMH) to Buy

June 16, 2014 7:48 AM EDT Send to a Friend
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Price: $59.27 -0.1%

Rating Summary:
    6 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Goldman Sachs downgraded Team Health (NYSE: TMH) from Conviction Buy to Buy with a price target of $59.00 (from $56.00).

Analyst Brian Zimmerman said, "While we reiterate our Buy rating and remain positive on TMH’s strong business model and position within the physician management space, after nearly 13 months we are removing the shares from the Americas Conviction List as consensus and our estimates have converged (GS +1.4% above 2015 consensus EBITDA)."

For an analyst ratings summary and ratings history on Team Health click here. For more ratings news on Team Health click here.

Shares of Team Health closed at $49.84 yesterday.

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