Piper Jaffray Initiates LHC Group Coverage: Overweight, $15 PT

Piper Jaffray initiated coverage of LHC Group LHCG with an Overweight rating and $15 price target in a research report published today. In the report, Piper Jaffray said, "LHCG is one of the leading home health providers with a slightly differentiated strategy as the majority of its home health agencies are partnered with hospitals and over 50% of its patients reside in rural areas." LHC Group shares closed today at $12.67, down 1.93% from Friday's market close.