Goldman Sachs Downgrades HCA Holdings (HCA) to Neutral

Goldman Sachs downgraded HCA Holdings (NYSE: HCA) to Neutral with a price target of $31 (down from $40) following weak results.

The firm comments, "While HCA stock sold off (-19% today vs. SP500 -0.6%), more than the 2Q miss (-5% on EBITDA, -14% on EPS) would imply, the weaker than-expected results come just four months after the IPO and we think will cost HCA credibility among investors that will take substantial time to re-build (in particular, the hoped-for ‘beat and raise’ element of the story)."

For more ratings news on HCA Holdings click here and for the rating history of HCA Holdings click here.

Shares of HCA Holdings closed at $27.97 yesterday.

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