Health Management (HMA) Shares Rebound as Susquehanna Defends, Says Buy the Dip

January 9, 2012 12:25 PM EST
Get Alerts HMA Hot Sheet
Price: $13.31 --0%

Rating Summary:
    7 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Shares of Health Management Associates (NYSE: HMA) have bounced by more than 4 percent over the last hour of trade as Susquehanna's AJ Rice issued a mid-day note suggesting clients buy into Monday morning's weakness.

After trading to as low as $6.55 earlier, the stock is now down 8.5 percent to $6.85.

Shares were down more than 12 percent earlier on the heels of a CRT Capital report which considered a lawsuit from an ex-auditor who also happened to be an ex-FBI agent.

Susquehanna's Rice maintains a Positive rating and $11 price target on shares of Health Management Associates.

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