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 21.85

+0.29 +1.35%
Volume: 142,492
Track AMSG

BKD 16.46

-1.29 -7.27%
Volume: 2,055,398
Track BKD

CYH 32.60

+0.04 +0.12%
Volume: 796,228
Track CYH

DVA 58.16

+0.19 +0.33%
Volume: 1,033,504
Track DVA

HMA 6.04

+0.01 +0.17%
Volume: 2,868,943
Track HMA

LPNT 29.78

+0.78 +2.69%
Volume: 558,080
Track LPNT

PSYS 20.94

+0.55 +2.70%
Volume: 1,321,829
Track PSYS

THC 5.30

+0.19 +3.72%
Volume: 5,512,770
Track THC

UHS 57.66

+0.73 +1.28%
Volume: 380,964
Track UHS


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