Imperial Capital Initiates Coverage on Select Medical Holdings (SEM) with an Outperform; NYT Article Leaving Unnecessary Overhand
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Imperial Capital initiates coverage on Select Medical Holdings (NYSE: SEM) with an Outperform. PT $10.
Imperial analyst says, "Recent articles in The New York Times (NYT) criticizing Select Medical were, in our view, poorly researched and written and are creating a negative overhang on the company’s valuation, we believe. Since the time that the NYT articles were published, Select Medical’s equity has underperformed that of its peers...While we think the long-term acute care (LTAC) industry is still working to assemble industry data on outcomes, quality of care, utilization and adverse events in order to better define the role of LTACs in the outpatient market and create admission criteria, Select Medical is the LTAC industry leader and has the data to vigorously defend its business, in our view."
To see all the upgrades/downgrades on shares of SEM, visit our Analyst Ratings page.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
Imperial analyst says, "Recent articles in The New York Times (NYT) criticizing Select Medical were, in our view, poorly researched and written and are creating a negative overhang on the company’s valuation, we believe. Since the time that the NYT articles were published, Select Medical’s equity has underperformed that of its peers...While we think the long-term acute care (LTAC) industry is still working to assemble industry data on outcomes, quality of care, utilization and adverse events in order to better define the role of LTACs in the outpatient market and create admission criteria, Select Medical is the LTAC industry leader and has the data to vigorously defend its business, in our view."
To see all the upgrades/downgrades on shares of SEM, visit our Analyst Ratings page.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
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