Oppenheimer Maintains an 'Outperform' on Air Methods (AIRM); Bullish After Meeting with Mgmt
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Price: $34.55 +0.29%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AIRM Now!
Oppenheimer maintains an 'Outperform' on Air Methods (NASDAQ: AIRM) price target of $130.00 (from $120.00).
Analyst, Michael Wiederhorn, said, "We attended meetings with AIRM and continue to believe the story is highly compelling, due to both top-line drivers (CYH relationship upside, pricing power, expansion opportunities, new bases, potential non-core expansions) and cost opportunities (lease buyouts, synergies from Omniflight). Furthermore, management is in discussions with 17 hospitals about converting from HBS to CBS, and is also talking to other large hospital companies about preferred provider agreements, both of which could be significant sources of earnings growth. As a result of this favorable outlook and the reduced risks around the story, we are raising our price target."
For an analyst ratings summary and ratings history on Air Methods click here. For more ratings news on Air Methods click here.
Shares of Air Methods closed at $113.48 yesterday, with a 52 week range of $56.17-$119.33.
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Analyst, Michael Wiederhorn, said, "We attended meetings with AIRM and continue to believe the story is highly compelling, due to both top-line drivers (CYH relationship upside, pricing power, expansion opportunities, new bases, potential non-core expansions) and cost opportunities (lease buyouts, synergies from Omniflight). Furthermore, management is in discussions with 17 hospitals about converting from HBS to CBS, and is also talking to other large hospital companies about preferred provider agreements, both of which could be significant sources of earnings growth. As a result of this favorable outlook and the reduced risks around the story, we are raising our price target."
For an analyst ratings summary and ratings history on Air Methods click here. For more ratings news on Air Methods click here.
Shares of Air Methods closed at $113.48 yesterday, with a 52 week range of $56.17-$119.33.
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