UPDATE: Jefferies Color On AMSG Target Increase

Jefferies, which raised its PT on shares of AmSurg Corp. AMSG, is providing color on the stock. “We believe AMSG's pending acquisition of National Surgical Care is strategically sound as it will expand the company's footprint and further diversify its portfolio, increasing its concentration of multi-specialty centers, all of which should allow for accelerated revenue and earnings growth in the coming years,” Jefferies writes. “Excluding transaction costs and potential synergies, we estimate that the acquisition will add ~$0.20 to AMSG's EPS on an annual basis.” AmSurg closed Thursday at $27.35.