Morgan Keegan Update on RehabCare Group Prior to 1Q Earnings Report

Morgan Keegan released an update for RehabCare Group (NYSE: RHB) just before RHB reports first quarter earnings on Thursday, April 28th.

Morgan Keegan reports “We expect improvement in the company's hospitals and contract therapy divisions. As RehabCare is slated to be acquired by Kindred Healthcare (NYSE: KND-$24.68, NR), there will not be an earnings call.” The company does not carry a rating and does not have a price target however; Morgan Keegan does recommend purchasing RehabCare shares.

RehabCare Group closed Thursday at $37.45