In a report published Thursday, Deutsche Bank analyst Darren Lehrich upgraded the rating on Team Health Holdings LLC TMH from Hold to Buy, and raised the price target from $57.00 to $63.00.
In the report, Deutsche Bank noted, “We believe this past Q2 earnings season has served as a wake-up call for investors vis-a-vis the health care provider names most levered to the ACA investment theme: hospitals and physician outsourcing co's. While this sub-set of co's is up 26.6% YTD vs. 4% for the S&P 500, we believe the stocks can continue to outperform based on the combination of: (1) ACA benefits still ramping; and (2) core trends starting to show signs of fundamental strength. As such, we maintain our overweight positioning on all 5 of the investor-owned hospital co's, and we return to Buy from Hold on TMH given our view that better organic growth can over-power higher churn over the N-T.”
Team Health Holdings LLC closed on Wednesday at $55.93.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in