UPDATE: Morgan Keegan Color On SKH 4Q

In addition to raising the PT on Skilled Healthcare Group, Inc. SKH, Morgan Keegan is raising its EPS estimates on the stock. “We are raising our 2011 and 2012 EPS estimates by $0.01 each to $1.28 and $1.46, respectively,” Morgan Keegan writes. “We are raising our target EV/EBITDAR multiple from 7.5x to 8.0x given strong Medicare pricing and our expectation of an improving skilled mix. This yields a $17 price target, and we reiterate our Outperform rating.” Skilled Healthcare Group closed Monday at $13.54.