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 21.56

-0.07 -0.32%
Volume: 49,188
Track AMSG

BKD 17.75

-0.05 -0.28%
Volume: 657,946
Track BKD

CYH 32.56

-1.18 -3.50%
Volume: 1,407,643
Track CYH

DVA 57.97

-0.33 -0.57%
Volume: 1,419,770
Track DVA

HMA 6.03

-0.11 -1.79%
Volume: 3,582,051
Track HMA

LPNT 29.00

+0.00 +0.00%
Volume: 975,915
Track LPNT

PSYS 20.39

+0.06 +0.30%
Volume: 1,105,103
Track PSYS

THC 5.11

-0.12 -2.29%
Volume: 6,251,717
Track THC

UHS 56.93

-0.64 -1.11%
Volume: 632,035
Track UHS


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