In a report published Thursday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on Community Health Systems CYH, and raised the price target from $63.00 to $66.00.
In the report, Credit Suisse noted, “We are increasing our TP for CYH to $66 (from $63), which pegs an ~8.2x multiple on our 2015 EBITDA estimate. We maintain our Outperform rating on shares of CYH. Please see our 1/8/15 note, ‘Don't Sell 'Em Short as Year 2 of Reform Should Pack Healthy Punch' for more details.”
Community Health Systems closed on Wednesday at $54.50.
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