Citi Raises EPS From $2.98 To $3.03 and PT From $43 To $47 On Lifepoint Hospitals (LPNT)

In a recent report, Citi has raised EPS on Lifepoint Hospitals LPNT from $2.98 to $3.03 and the price target on LPNT from $43.00 to $47.00 after a strong 1Q. In the report, Citi said, "We are raising our 12-month price target from $43 to $47. The target implies that LPNT shares can trade at a 12.5x 2013 P/E a year from today. We are also lowering our risk rating from "Medium" to "Low" to reflect LPNT's lower B/S leverage over the last two years (now 2.5x net debt/EBITDA)." Lifepoint Hospital closed Friday at $42.71.