Cantor Fitzgerald Downgrades Lifepoint Holdings (LPNT) to Hold, Earnings Leverage Not There

November 2, 2012 7:15 AM EDT Send to a Friend
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Price: $68.70 +0.57%

Rating Summary:
    11 Buy, 13 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 51
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Cantor Fitzgerald downgraded Lifepoint Holdings (NASDAQ: LPNT) from Buy to Hold with a price target of $35.00 (from $46.00).

The analyst comments: "Our thesis has been that this small rural hospital chain can grow faster than the industry as it adds larger, more sophisticated urban facilities (especially since the formation of its joint venture with Duke), but its results have not been better than the rest of the industry for awhile. We like its strategy, and the stock is not expensive -- it sells at a discount to the group -- but we do not believe that LifePoint's earnings leverage is better than the group at this time."

Cantor cut 2012 EPS estimate from $3.40 to $3.00 and 2013 estimate from $3.85 to $3.25.

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

Shares of Lifepoint Holdings closed at $37.43 yesterday.


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