-
A Peek Into The Market Before The Trading Starts
Monday, April 18, 2011 - 6:28am | 360Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 72 points to 12,231.00 and futures on the S&P 500 stock index fell 9.20 points to 1,309.80. Nasdaq 100 futures dropped 14 points to 2,295.75. A Peek Into Global Markets Negative...
-
Community Health Systems Makes All-Cash Offer for Tenet, Offered $5-Share Cash, $1-Share In Stock (CYH, THC)
Monday, April 18, 2011 - 6:17am | 191Community Health Systems, Inc. (NYSE: CYH) today announced that it is now offering $6.00 per share in cash to acquire all outstanding shares of Tenet Healthcare Corporation (NYSE: THC). The previous CHS offer was for $5.00 per share in cash and $1.00 per share in CHS common stock. The new offer was...
-
Community Health Systems Makes $6/Share All-Cash Offer for Tenet (CYH, THC)
Monday, April 18, 2011 - 6:02am | 417Community Health Systems (NYSE: CYH) today announced that it is now offering $6.00 per share in cash to acquire all outstanding shares of Tenet Healthcare Corporation (NYSE: THC). The previous CHS offer was for $5.00 per share in cash and $1.00 per share in CHS common stock. The new offer was made...
-
Soleil Upgrades THC To Buy
Monday, April 18, 2011 - 5:19am | 52Analysts at Soleil upgrade Tenet Healthcare Corporation (NYSE: THC) from “gradually accumulate” to “buy.” The target price for THC has been raised from $6 to $8. THC shares rose 0.91% to close at $6.66 on Friday. More Analyst Ratings here
-
UPDATE: Citi Raises PT on Community Health Systems to $38 (CYH)
Friday, April 15, 2011 - 6:55am | 115Citi is out with its report today on Community Health Systems (NYSE: CYH), raising its price target from $34 to $38. In a note to clients, Citi writes, "We are raising our CYH 12-month price target from $34 to $38 to reflect a 9.6x forward EPS multiple applied to our existing 2013 EPS estimate of...
-
Citigroup Raises PT On Community Health Systems To $38
Friday, April 15, 2011 - 5:56am | 27Citigroup has raised the price target on Community Health Systems (NYSE: CYH) from $34 to $38 and maintains its Buy rating.
-
Jefferies Initiates Coverage On HCA With Hold Rating
Thursday, April 14, 2011 - 7:03am | 81According to Jefferies, HCA (NYSE: HMA) coverage is initiated with a Hold rating. Jefferies reported that it is initiating coverage of HCA with a Hold rating and a $36 price target. “Valuation is our primary concern with this story. While we agree that HCA's scale, scope, and financial flexibility...
-
Jefferies Initiates Coverage On Health Mgt Associates With Buy Rating
Thursday, April 14, 2011 - 7:00am | 90According to Jefferies, Health Mgt Associates (NYSE: HMA) coverage is initiated with a Buy rating. Jefferies reported that it is initiating coverage of HMA with a Buy rating and $13 price target. “We believe HMA is well-positioned financially and operationally to grow and be a significant...
-
Jefferies Initiates Coverage On Tenet Healthcare With Buy Rating
Thursday, April 14, 2011 - 6:56am | 90According to Jefferies, Tenet Healthcare (NYSE: THC) coverage is initiated with a Buy rating. Jefferies reported that it is initiating coverage of THC with a Buy rating and $9.50 price target. “We believe THC is a compelling turnaround story with an attractive valuation, low leverage, and above-...
-
Jefferies Initiates Coverage On Universal Health Svcs With Hold Rating
Thursday, April 14, 2011 - 6:54am | 89According to Jefferies, Universal Health Svcs (NYSE: UHS) coverage is initiated with a Hold rating. Jefferies reported that it is initiating coverage with of UHS with a Hold rating and $52 price target. “While the acquisition of Psychiatric Solutions (PSI) deepens UHS's presence in the fast-...
-
Jefferies Initiates Coverage On LifePoint Hospitals With Buy Rating
Thursday, April 14, 2011 - 6:52am | 85According to Jefferies, LifePoint Hospitals (NASDAQ: LPNT) coverage is initiated with a Buy rating. Jefferies reported that it is initiating coverage of LPNT with a Buy rating and $49 price target. “We believe the company could be a strong stock performer in 2011, particularly as hospital volumes...
-
Jefferies Initiates Coverage On Community Health Sys With Hold Rating
Thursday, April 14, 2011 - 6:50am | 83According to Jefferies, Community Health Sys. (NYSE: CYH) is initiated with a Hold rating. Jefferies reported that it is initiating coverage of CYH with a Hold rating and $36 PT. “Despite the company's proven track record of good financial and operational performance, recent allegations of...
-
Sunrise Senior Living Announces Intention to Offer $75M Junior Subordinated Convertible Notes Due 2041
Thursday, April 14, 2011 - 6:35am | 82Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that it proposes to offer $75 million principal amount of its junior subordinated convertible notes, subject to market conditions and other factors. The notes will be due in 2041 and are to be offered and sold to qualified institutional buyers...
-
Sunrise Senior Living Enters Into a Commitment Letter for a New Senior Revolving Line of Credit
Thursday, April 14, 2011 - 6:32am | 78Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that it has entered into a commitment letter with KeyBank National Association for a $50 million senior revolving line of credit. The Credit Facility will include a $20 million sublimit to support standby letters of credit and is expandable...
-
Jefferies Opens HMA With Buy
Thursday, April 14, 2011 - 5:56am | 51Analysts at Jefferies initiate coverage of Health Management Associates Inc (NYSE: HMA) with a “buy” rating. The target price for HMA is set to $13. HMA shares fell 0.96% to close at $10.34 yesterday. More Analyst Ratings here