Deutsche Bank Has Buy on LifePoint Hospitals

Deutsche Bank is out with a research report on LifePoint Hospitals LPNT and it has a Buy rating and a $46.50 price target on shares. In a note to clients, Deutsche Bank writes, "Late Friday, LPNT annc'd its Board of Directors had au‐thorized a new $250M share buyback plan that will remain in effect over the next 18 months. At current share prices, a $250M buyback would reduce LPNT's sharecount by ~14%. In addition to the new buyback program, LPNT disclosed that it has fully completed its prior buyback program, which had $67M authorized at June 30, 2011 based on LPNT's second quarter 10‐Q filing." Shares of LPNT gained 7 cents on Friday to close at $34.97.