Deutsche Bank Starts Select Medical Holdings (SEM) at Hold

Deutsche Bank initiated coverage on Select Medical Holdings (NYSE: SEM) with a Hold rating and a price target of $14.00.

Analyst Dana Nentin said, "While we believe the company’s (1) unique rehabilitation JV strategy and leading outpatient rehabilitation business are important value drivers; (2) historically been a good free cash flow generator, and opportunistic with capital allocation; and (3) has positioned itself to capture a greater share of compliant LTACH cases under new patient criteria, though it may see earlier disruptions due to phase-in timing; we rate shares HOLD as we believe the risk/reward is more in balance."

For an analyst ratings summary and ratings history on Select Medical Holdings click here. For more ratings news on Select Medical Holdings click here.

Shares of Select Medical Holdings closed at $13.35 yesterday.

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