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 21.79

+0.48 +2.25%
Volume: 121,031
Track AMSG

BKD 17.16

+0.82 +5.02%
Volume: 1,496,679
Track BKD

CYH 30.35

+0.47 +1.57%
Volume: 744,345
Track CYH

DVA 60.13

-0.45 -0.74%
Volume: 1,211,902
Track DVA

HMA 6.57

+0.20 +3.14%
Volume: 5,477,618
Track HMA

LPNT 29.26

+0.24 +0.83%
Volume: 202,285
Track LPNT

PSYS 22.63

+0.33 +1.48%
Volume: 789,738
Track PSYS

THC 4.75

-0.12 -2.46%
Volume: 9,374,697
Track THC

UHS 56.43

+0.26 +0.46%
Volume: 557,846
Track UHS


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