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
- Universal Health price target lowered to $145 from $168 at Deutsche Bank
- Universal Health price target lowered to $138 from $154 at Wells Fargo
- Universal Health price target lowered to $140 from $144 at Mizuho
- Universal Health price target raised to $130 from $114 at RBC Capital