Deutsche Bank Upgrades Community Health (CYH) to Buy; Shift in Stance

Deutsche Bank upgraded Community Health (NYSE: CYH) to Buy, price target raised from $22 to $33.

Deutsche analyst says, "Our shifting stance on the hospital group is straightforward: (1) We believe there are upside risks to fundamentals in the context of an improving economy in the U.S.; and (2) While too early to make any sort of definitive call on the 2012 election cycle, we believe recent polling data set-up a better investment case for hospitals insofar as an Obama second term provides more visibility into the implementation of health care reform. We continue to believe health care reform and broad coverage expansion could represent a net positive for the acute care hospital group."

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

Shares of Community Health closed at $23.85 yesterday.

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