Skip to main content

Market Overview

J.P. Morgan Initiates Coverage On HCA With Overweight Rating

Share:

According to J.P. Morgan, HCA (NYSE: HCA) coverage is initiated with an Overweight rating.

J.P. Morgan reported that it initiates coverage of HCA Inc. (HCA) with an Overweight rating. “HCA is the largest U.S. hospital system by a considerable margin, operating over 160 hospitals with nearly 39,000 beds, about 5% of the market. The company's facilities – with a portfolio mix biased toward higher-quality-ranked properties – are mostly situated in faster population growth, urban markets, often having among the leading share in those regions. Broadly, we favor such scale and market positioning in the acute care business, particularly as we look ahead, nearer term as we consider leverage for recovering job growth and, longer term, on the implications of reform. Our year-end 2011 price target is $40.”

HCA closed yesterday at $32.08.

 

Related Articles (HCA)

View Comments and Join the Discussion!

Posted-In: HCA J.P. MorganAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com