As previously reported, Cantor Fitzgerald analyst Sarah James initiated coverage of Universal Health with an Underweight rating and $143 price target. While "on the positive side" the company seems to be past the peak of labor cost inflation, the firm does not see enough positives to outweigh its concerns about high exposure to in-patient psychiatric services, "acute" geographic concentration and under-investment in technology.
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Published first on TheFly
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Read More on UHS:
- Universal Health initiated with a Neutral at JPMorgan
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