Deutsche Bank reiterates a 'Buy' on DaVita (DVA); Trimming PT to Reflect Multiple Contraction

Deutsche Bank reiterates a 'Buy' on DaVita (NYSE: DVA), but lowers price target from $102 to $92.

Deutsche analyst says, "DVA remains a "go-to" name in our coverage universe due to its predictable volume growth, solid execution and upside growth potential associated w/int'l initiatives and ancillary businesses. We reiterate our Buy rating, especially given our belief that DVA's recent pullback over-discounts the potential risks. Yet, we revise our target multiple to reflect a higher degree of risk associated w/Medicare, as well as the potential for headline risks associated w/ongoing investigations."

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

Shares of DaVita closed at $69.34 yesterday.

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