Healthways (HWAY): Raising PT By 70% - Piper Jaffray
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Piper Jaffray analyst, Sean Wieland reiterated his Overweight rating on Healthways (NASDAQ: HWAY) and increased the PT to $25.50 from $15 after Healthways completed the sale of its pop health business, and reported the continuing operations of the remaining Networks Solutions business. Based on the increased margin profile, and completely different business model, the analyst is changing his price target methodology to more closely reflect its peers.
HWAY will provide more details about its new growth strategy at its Analyst Day on 8/11,
Shares of Healthways closed at $18.06 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Procter & Gamble (PG) PT Raised to $96 at UBS Following 2Q Report
- Kansas City Southern (KSU) PT Raised to $110 at Aegis Capital
- Jefferies Upgrades Williams Companies (WMB) to Buy
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesPiper Jaffray, Sean Wieland
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!