Bank of America Merrill Lynch Maintains Buy on Community Health Systems

Bank of America Merrill Lynch is out with its report today on Community Health Systems CYH, maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "Our rating reflects our belief that the company is one of the few hospitals that is well positioned to grow without a benefit from health care reform. The company's cost-cutting initiatives, improvement at recent acquisitions and ability to pay down debt provide good visibility in growth, despite weak industry volume and bad debt trends." Bank of America Merrill Lynch maintains a $42 PO on CYH. Shares of CYH closed Tuesday at $25.30, up 3.35% from Monday's close.