UPDATE: Stephens Starts Encompass Health Corp (EHC) at Overweight

(updated to add comment)

Stephens analyst Scott Fidel initiates coverage on Encompass Health Corp (NYSE: EHC) with a Overweight rating and a price target of $77.00.

The analyst comments "We see solid growth potential from the JV strategy with acute care hospitals. While IRF reimbursements face some pressure, EHC is relatively well positioned with its efficient cost structure."

For an analyst ratings summary and ratings history on Encompass Health Corp click here. For more ratings news on Encompass Health Corp click here.

Shares of Encompass Health Corp closed at $66.76 yesterday.

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