Barclays Maintains an 'Overweight' on Community Health (CYH); After the Call
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Price: $2.92 -2.01%
Rating Summary:
6 Buy, 15 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
6 Buy, 15 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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Barclays maintains an 'Overweight' on Community Health (NYSE: CYH) price target of $29.00.
Barclays analyst, says, "We highlight some noise in the market, leading to the shares declining 13.9% intraday today versus a 2.9% increase in the S&P 500. We believe this relative weakness is overdone. While the degree of the benefit from HITECH payments and lower tax expense was not expected for the quarter, we note that this is generally accounted for in the $0.10 upside in the quarter versus our estimate. As such, the results were relatively in line with our expectations. We recognize that the timing of these HITECH payments may have been earlier than expected but overall, we note that the guidance for the HITECH benefit for the full year was only raised slightly (with the company previously acknowledging some benefit from HITECH payments)."
For more ratings news on Community Health click here and for the rating history of Community Health click here.
Shares of Community Health closed at $17.96 yesterday.
Barclays analyst, says, "We highlight some noise in the market, leading to the shares declining 13.9% intraday today versus a 2.9% increase in the S&P 500. We believe this relative weakness is overdone. While the degree of the benefit from HITECH payments and lower tax expense was not expected for the quarter, we note that this is generally accounted for in the $0.10 upside in the quarter versus our estimate. As such, the results were relatively in line with our expectations. We recognize that the timing of these HITECH payments may have been earlier than expected but overall, we note that the guidance for the HITECH benefit for the full year was only raised slightly (with the company previously acknowledging some benefit from HITECH payments)."
For more ratings news on Community Health click here and for the rating history of Community Health click here.
Shares of Community Health closed at $17.96 yesterday.
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