Universal Health Services (UHS) PT Bumped Higher at FBR Capital Post Q1
Get Alerts UHS Hot Sheet
Rating Summary:
12 Buy, 16 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Join SI Premium – FREE
FBR Capital reiterated an Outperform rating on Universal Health Services (NYSE: UHS) and bumped his price target to $96.00 (from $94.00) following recent Q1 results.
Analyst Colleen Lang states, EBITDA for 1Q came in $22 million higher than our model, with the beat entirely driven by better-than-expected acute care results. The acute care upside was driven largely by (1) an improved payor mix and (2) increased surgical volumes. While one quarter does not make a trend and it is arguably a bit early to discern the exact impact reform had in the quarter, we believe that 1Q results were encouraging both with respect to the impact of reform and also potentially an improvement in the underlying economic backdrop (at least in UHS' markets)."
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 $82.92 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rentokil Initial (RTO) PT Lowered to $35 at Oppenheimer
- Boston Beer Company (SAM) PT Lowered to $310 at Evercore ISI
- Lupin (LPC:IN) PT Raised to INR1,630 at HSBC
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!