Bank of America Comments on Q2 Results for Universal Health Services

Bank of America has published a report on Universal Health Services UHS as Q2 results came in above expectations. In the report, Bank of America wrote, "UHS reported EPS of $1.04, $0.01 above consensus and $0.02 above our estimate. The beat was driven by better than expected margins, primarily on the acute care side. Given HCA's miss earlier this week on lower than expected acuity, the commentary that acuity contributed to higher margins in UHS's Acute Care business should calm fears for the group." Bank of America rated Universal Health Services a BUY with a price target of $62.00. Universal Health Services closed Wednesday at $50.49.