Mizuho Securities Downgrades Lifepoint Holdings (LPNT) to Neutral

Mizuho Securities downgraded Lifepoint Holdings (NASDAQ: LPNT) from Outperform to Neutral with a price target of $74.00 (from $93.00).

Analyst Sheryl Skolnick commented, "For LPNT, we now expect a poor volume quarter for both inpatient and on an adjusted admit basis, along with margin compression as a result. LPNT remains lightly levered with good FCF, so it should trade at a higher multiple than THC on that score and a lower one on the likely negative admits we foresee. Thus, we drop our PT from $93 to $74 (7.2x 2016E EBITDA less NCI) and our rating to Neutral."

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

Shares of Lifepoint Holdings closed at $72.11 yesterday.

You May Also Be Interested In

• Jefferies Downgrades Enphase Energy (ENPH) to Hold, 'Still Muddling Through'
• Summit Insights Downgrades Silicon Labs (SLAB) to Hold, 'expect its stock to be an inline performer'
• JPMorgan Downgrades Mitsubishi Heavy Industries Ltd (7011:JP) (MHVYF) to Neutral