Bank of America Initiates Coverage on Several Hospitals

June 17, 2009 8:57 AM EDT

Bank of America initiates coverage on Community Health Systems (NYSE: CYH), DaVita (NYSE: DVA), Health Management Associates (NYSE: HMA) & Psychiatric Solutions (Nasdaq: PSYS) with a Buy rating.

Price target on CYH is $35, DVA is $57, HMA is $6.50, and PSYS is $25.

Bank of America initiates coverage on Brookdale Senior Living (NYSE: BKD) & Lifepoint Hospitals (Nasdaq: LPNT) with a Neutral rating. Price target on BKD is $13 and $30 for LPNT.

Bank of America initiates coverage on AmSurg (Nasdaq: AMSG), Tenet Healthcare (NYSE: THC) & Universal Health Services (NYSE: UHS) with an Underperform rating.

Price target on AMSG is $17, THC is $3 and UHS is $47.


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New Coverage

Stocks Mentioned

AMSG 21.67

-0.18 -0.82%
Volume: 162,198
Track AMSG

BKD 16.40

-0.06 -0.36%
Volume: 7,556,744
Track BKD

CYH 33.35

+0.75 +2.30%
Volume: 786,313
Track CYH

DVA 58.74

+0.58 +1.00%
Volume: 579,900
Track DVA

HMA 6.43

+0.39 +6.46%
Volume: 5,636,166
Track HMA

LPNT 30.25

+0.47 +1.58%
Volume: 574,974
Track LPNT

PSYS 20.98

+0.04 +0.19%
Volume: 1,789,858
Track PSYS

THC 5.44

+0.14 +2.64%
Volume: 8,391,540
Track THC

UHS 58.15

+0.49 +0.85%
Volume: 443,822
Track UHS


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