Universal Health price target raised to $185 from $175 at Stephens

Stephens analyst Scott Fidel raised the firm’s price target on Universal Health to $185 from $175 and keeps an Overweight rating on the shares. CMS released proposed Medicare payment policies for the Inpatient Psychiatric Facility Prospective Payment System for FY25 at +2.6%, translating to a net increase of +$70M to IPFs, the analyst tells investors in a research note. The +2.6% FY25 update compares to the final FY24 update of +3.3% and sits above the 19-year average of +2.2%, the firm notes.