KeyBanc Upgrades HCA Holdings (HCA) to Overweight

October 13, 2016 6:58 AM EDT
Get Alerts HCA Hot Sheet
Price: $79.71 +1.39%

Rating Summary:
    27 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KeyBanc upgraded HCA Holdings (NYSE: HCA) from Sector Weight to Overweight with a price target of $94. Analyst Jason Gurda sees favorable risk/reward.

"We are upgrading HCA shares to Overweight with a $94 price target based on our view the shares offer a favorable risk/reward scenario based on: 1) the election could provide a near-term catalyst as the stock does not appear to have priced in recently improved polling of a Democratic win; 2) its moderate EPS growth outlook at a very attractive valuation (P/E under 11x and expected threeyear average EPS growth of 8-12%); 3) the Company’s strong urban market positioning and history of consistent execution; and 4) HCA’s moderate leverage and strong free cash flow profile ($2.3B/year or nearly $6/share in FCF)," said Gurda.

For an analyst ratings summary and ratings history on HCA Holdings click here. For more ratings news on HCA Holdings click here.

Shares of HCA Holdings closed at $76.89 yesterday.

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