Jefferies Upgrades Fresenius Medical Care (FMS) to Buy

August 10, 2011 7:19 AM EDT
Get Alerts FMS Hot Sheet
Price: $24.11 +0.08%

Rating Summary:
    8 Buy, 12 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 12 | New: 12
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Jefferies upgraded Fresenius Medical Care (NYSE: FMS) to Buy with a price target of EUR 57.

The firm states, "We upgrade Fresenius Medical Care to Buy from Hold and raise our target price to €57 (from €53). The current share price does not reflect accretion from the Liberty deal and potential revenue synergies. We also continue to see the US reimbursement environment as beneficial to a large player like FME."

For more ratings news on Fresenius Medical Care click here and for the rating history of Fresenius Medical Care click here.

Shares of Fresenius Medical Care closed at $69.20 yesterday.


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