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Piper Jaffray Upgrades Healthways (HWAY) to Neutral; Strong Execution in Tough Environment

October 23, 2009 7:13 AM EDT
HWAY Hot Sheet
Rating Summary:
    3 Buy, 6 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 7 | New: 18
Piper Jaffray upgrades Healthways, Inc. (Nasdaq: HWAY) to Neutral, price target increased to $15.

Piper analyst says, "We're raising 2009 and 2010 estimates to factor in better than anticipated execution in a tough economic environment. We're raising our 2009 revenue and EPS to $715 million and $1.04, from $692 million and $1.00, respectively. We are raising our 2010 revenue and EPS to $735 million and $1.18, from $673 million and $0.98, respectively. Also, we're raising our price target to $15, based on 1x PEG on 2010 EPS, or 13x $1.18."

To see more analyst ratings on HWAY Click Here.

Healthways, Inc. provides specialized Health and Care Support solutions.

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