UPDATE: Jefferies Raises LHC Group's PT

According to a research report published today, Jefferies has increased LHC Group's LHCG PT from $15 to $20. In the report, Jefferies said, “While we are encouraged by LHC's success in stabilizing its operations and cost structure, we believe these trends are adequately baked into the stock and mgmt's guidance. And with LHCG "reviewing strategic options", the stock will trade NT primarily on the prospects of a takeout. However, applying a realistic buyout multiple suggests modest upside from current levels. Maintain Hold.” LHC Group closed yesterday at $18.08.