Wachovia Resumes Coverage on Universal Health Services (UHS) with a Market Perform
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Wachovia resumes coverage on Universal Health Services (NYSE: UHS) with a Market Perform. Valuation Range: $53 to $58
Wachovia analyst says, "Strong upside in 1Q09 was driven in large part by lower labor costs associated with a weak economy. Substantial risks remain to bad debt trends due to weak economic and unemployment trends which may put pressure on earnings throughout 2009. UHS has a history of volatile financial results which means that the large upside to 1Q09 results does not necessarily reduce the risk of an earnings disappointment during 2009, in our view...Additionally, the usually stable behavioral business appears to be showing some signs of weakness associated with reduced demand on the Medicaid front."
To see more analyst ratings on UHS Click Here.
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers.
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