UPDATE: Credit Suisse Raises Price Target On Universal Health Services On 2015 EBITDA Estimate

In a report published Thursday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on Universal Health Services, Inc. (NYSE: UHS), and raised the price target from $118.00 to $124.00.

In the report, Credit Suisse noted, “We are increasing our TP for UHS to $124 (from $118), which pegs a ~10.5x multiple on our 2015 EBITDA estimate. We maintain our Outperform rating on shares of UHS. Please see our 1/8/15 note, ‘Don't Sell 'Em Short as Year 2 of Reform Should Pack Healthy Punch' for more details.”

Universal Health Services closed on Wednesday at $111.99.