Analyst action: CHS, NHI

RBC Capital Markets analyst Frank Morgan has lifted his price target for shares of Community Health Systems to $74 from $60 on the heels of the company's Q2 profit report and a general jump in investor optimism about the hospital space. CHS shares (Ticker: CYH) closed Tuesday trading at $48 and change and have climbed more than 20 percent year to date. Morgan last week also gave his LifePoint Hospitals target a big push.

At Hilliard Lyons, John Roberts has raised his rating on shares of National Health Investors to 'neutral' from 'underperform.' The move comes after NHI reported strong Q2 numbers. The company's shares (Ticker: NHI) have barely budged in the past three months. They closed Tuesday at $61.37.