UPDATE: Deutsche Bank Raises PT on DaVita to $102 (DVA)

Deutsche Bank is out with its report today on DaVita DVA, raising its PT from $101 to $102. In a note to clients, Deutsche Bank writes, "As a somewhat belated follow up to Q1 results, we are introducing an updated model. While we've made some changes to assumptions which result in a 3% revision to 2012 EPS, our forecasts remain considerably higher than consensus and the guidance recently provided by mgmt (led by CEO Kent Thiry or 'KT'). A number of changes are fine-tuning, but fundamentally we are 10% above consensus for 2012 because we believe there will be add'l cost/tx opportunities over the next year. Reiterate Buy / $102 (from $101) price target on solid outlook." Shares of DVA closed Thursday at $86.62, up 1.01% from Wednesday's close.