Barclays Maintains an 'Equalweight' on LifePoint (LPNT); Positive on Share Repurchase Announcement

Barclays maintains an 'Equalweight' on LifePoint Holdings (NASDAQ: LPNT) price target of $41.00.

Barclays analyst says, "Last week, LifePoint announced that its board had authorized a new $250 million stock repurchase program. Additionally, LPNT disclosed that its previous share repurchase program was exhausted during the current fiscal quarter."

"Overall, we view this announcement positively as it provides us with additional
visibility into our estimates. Additionally, we note that the new repurchase
authorization provides the company with an avenue to deploy its free cash flow in lieu of accretive acquisitions."

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

Shares of Lifepoint Holdings closed at $34.97 yesterday.

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