Imperial Capital Says HCA Holdings (HCA) Looking More Like Growth Stock

Imperial Capital today reiterated an Outperform rating on health care services company HCA Holdings (NYSE: HCA) and raised its price target to $48.00 (from $34.00). Imperial Capital's thesis relates to changes in the health care space, including the Affordable Care Act.

"We believe that the market is beginning to appreciate the multi-year impact that the Affordable Care Act (ACA) will have on earnings growth, and as a result, the market is re-valuing the industry to reflect a growth company multiple," said analyst Jake Hindelong.

Because of structural change to the industry, Hindelong thinks the market is largely "looking through" 2013 and valuing the company (and the industry) on 2014 numbers.

For an analyst ratings summary and ratings history on HCA Holdings (NYSE: HCA) click here. For more ratings news on HCA Holdings click here.

Shares of HCA Holdings closed at $35.18 yesterday.

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