Jefferies Lifts PT on Acadia Healthcare (ACHC) to $39

May 2, 2013 1:33 PM EDT Send to a Friend
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Price: $52.66 +0.61%

Rating Summary:
    10 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
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Jefferies boosted its price target on Acadia Healthcare (NASDAQ: ACHC) from $30 to $39 Thursday following Q1 'beat and raise.'

The analyst comments, "ACHC's strong Q1 performance highlights the company's continued ability to (1) drive robust organic and acquisition-driven top line growth and (2) consistently beat expectations. While acquisitions remain the main upside driver for the stock NT, we believe that an underappreciated margin expansion story is now emerging and will contribute to sustaining ACHC's growth trajectory."

FY 2013 EPS estimates were raised form $1.00 to $1.03.

For an analyst ratings summary and ratings history on Acadia Healthcare click here. For more ratings news on Acadia Healthcare click here.

Shares of Acadia Healthcare closed at $31.05 yesterday.


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