Team Health (TMH) Worth $45-$58 in 'Take Private' Deal - Jefferies
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
Jefferies analyst Brian Tanquilut weighed in on Team Health (NYSE: TMH) following reports Tuesday the company is in discussions with private equity sponsors to potentially take the company private. Tanquilut said the reports make sense.
"Given TMH's position as the #2 ER and #1 hospitalist operator in the US, we see strategic value in the asset, especially as sector consolidation accelerates further and scale gains more importance," he commented. "Given recent PE deals in the space, we believe TMH can go private for $45-$58/share."
The firm maintained a Buy rating and price target of $47.00
Shares of Team Health closed at $38.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mercury Computer (MRCY) PT Raised to $30 at Jefferies Following 2Q Report
- Things Said to Move Ahead with Actelion (ALIOY) /Johnson & Johnson (JNJ) - CNBC's Faber
- Jefferies Reiterastes Hold on McDonald's (MCD) Following 4Q Report
Create E-mail Alert Related CategoriesAnalyst Comments, Mergers and Acquisitions, Rumors
Related EntitiesJefferies & Co
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!