TD Cowen Upgrades Universal Health Services (UHS) to Buy

TD Cowen analyst Ryan Langston upgraded Universal Health Services (NYSE: UHS) from Hold to Buy with a price target of $283.00 (from $220.00).

The analyst comments "We are upgrading UHS from Hold to Buy, in conjunction with our State Directed Payment Ahead of The Curve. UHS EBITDA consensus estimates over the next 3-12 months may move +15-20% higher, and potentially higher long-term as the acceleration of SDP expansion is more readily apparent. This tailwind carries EBITDA upside & multiple expansion. Our PT moves from $220 to $283."

For an analyst ratings summary and ratings history on Universal Health Services click here. For more ratings news on Universal Health Services click here.

Shares of Universal Health Services closed at $225.34 yesterday.

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