Jefferies Initiates Coverage On Health Mgt Associates With Buy Rating

According to Jefferies, Health Mgt Associates HMA coverage is initiated with a Buy rating. Jefferies reported that it is initiating coverage of HMA with a Buy rating and $13 price target. “We believe HMA is well-positioned financially and operationally to grow and be a significant consolidator in its non-urban markets. In addition to company-specific initiatives facilitating higher revenue and earnings growth, an improving macroeconomic environment should provide an incremental tailwind that will drive HMA's multiple higher.” Health Mgt Association closed yesterday at $10.34.