UPDATE: Jefferies Lowers PT on Health Managment Association to $12

Jefferies is out with its report today on Health Management Association HMA, lowering its PT from $13 to $12. In its report, Jefferies writes, "Good Q2 results should rekindle investors' enthusiasm not only for HMA but also for the entire hospital sector as acuity weakness seen at HCA HCA may not be systemic. We would be buyers of HMA at this discounted price. PT: $12 (from $13)." Jefferies maintains Buy on HMA. Shares of HMA closed Wednesday at $9.30.