Oppenheimer Introduces 2012 Estimates on Emergency Medical Services

Oppenheimer introduces its 2012 estimates on Emergency Medical Services (NYSE: EMS)

In a note to clients, Oppenheimer writes, "We are introducing our FY2012 EPS estimate for EMS of $4.01, which represents growth of 9% over our new FY2011 estimate. We have raised our FY2011 estimate from $3.58 to $3.67 due to the anticipated acquisitions of Milford Anesthesia Associates and Doctor's Ambulance Service, which the company announced during the last few days."

Oppenheimer maintains its Outperform rating and $65 price target on EMS.

EMS closed yesterday at $53.87.