Jefferies Raises HS Target To $43

Jefferies is increasing its price target on shares of HealthSpring HS from $38 to $43. “HS reported strong 4Q results Friday morning and provided 2011 EPS guidance 2% above consensus at the midpoint,” Jefferies writes. “From a group-low multiple, shares traded up 8.6% vs S&P 500 gain of 0.2%.” HealthSpring closed Friday at $37.06.