J.P. Morgan Previews Community Health Systems Q4 10 Earnings (CYH)

J.P. Morgan is out with its report today on Community Health Systems (NYSE: CYH), previewing CYH's Q4 10 earnings.

In a note to clients, J.P. Morgan writes, "For the quarter we have $0.74, compared to consensus of $0.73, and look for a same-store adjusted admission decline of -1.0% and net revenue per adjusted admit growth of 3.6%. We also look for salaries and wages as a percentage of net revenue to increase 50bps from the third quarter to 40.6%, an increase of 90bps from the year-ago quarter."

J.P. Morgan maintains Neutral and a $45 PT on CYH.

Shares of CYH closed Friday at $36.92.