Cantor Fitzgerald Starts Health Management (HMA) at Hold; Good Strategy, But Waiting For Recovery
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Price: $10.71 +0.28%
Rating Summary:
10 Buy, 10 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 10 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade HMA Now!
Cantor Fitzgerald initiates coverage on Health Management (NYSE: HMA) with a Hold. PT $8.00.
Analyst, Joseph D. France, said, "We are initiating coverage of HMA with a
HOLD rating and an $8 price target that reflects our enthusiasm for its strategy and recent acquisitions, but does not assume a near-term recovery in hospital activity. The company's outpatient revenue and revenue per admission have increased at rates among the best of all public companies, but the market remains slow. All the same, we believe that Health Management Associates is well positioned longer-term because many of its hospitals are sole providers, and its high-profile partnerships and growing focus on systems, such as last year's acquisition of Mercy Health, make it an attractive managed care provider."
For an analyst ratings summary and ratings history on Health Management click here. For more ratings news on Health Management click here.
Shares of Health Management closed at $6.74 yesterday, with a 52 week range of $4.81-$11.74.
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Analyst, Joseph D. France, said, "We are initiating coverage of HMA with a
HOLD rating and an $8 price target that reflects our enthusiasm for its strategy and recent acquisitions, but does not assume a near-term recovery in hospital activity. The company's outpatient revenue and revenue per admission have increased at rates among the best of all public companies, but the market remains slow. All the same, we believe that Health Management Associates is well positioned longer-term because many of its hospitals are sole providers, and its high-profile partnerships and growing focus on systems, such as last year's acquisition of Mercy Health, make it an attractive managed care provider."
For an analyst ratings summary and ratings history on Health Management click here. For more ratings news on Health Management click here.
Shares of Health Management closed at $6.74 yesterday, with a 52 week range of $4.81-$11.74.
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