Jefferies Downgrades Health Management (HMA) to Hold; Sidelined with Wait-And-See Approach

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Jefferies downgraded Health Management (NYSE: HMA) from Buy to Hold with a price target of $7.50 (from $10.00).

Analyst, Arthur I. Henderson, said, "Concerns about strengthening fundamental headwinds and increased political risk are prompting us to move to the sidelines with HMA. We anticipate increased volatility in this name over the next six months, and believe it is better to take a "wait and see" approach before getting more constructive."

FY12 EPS estimate cut from $0.87 to $0.86 and FY13 from $0.97 to $0.96.

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

Shares of Health Management closed at $7.29 yesterday, with a 52 week range of $4.81-$10.02.

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