Wells Fargo Maintains an 'Outperform' on DaVita (DVA); Favorable Settlement in Texas Qui Tam Suit

July 3, 2012 9:09 AM EDT
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Wells Fargo maintains an 'Outperform' on DaVita (NYSE: DVA).

Analyst, Gary Lieberman, thinks that the $55 million settlement in the Woodard qui tam lawsuit from Texas is a favorable amount for DaVita. Since the government didn't intervene, but will have to approve the settlement, other outstanding cases (including Vainer qui tam in Georgia) may be settled early and the amounts in DaVita's favor. Also, the settlements contain no admission of wrongdoing on the part of DaVita.

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

Shares of DaVita closed at $97.62 yesterday.

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