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.
As part of its recent acquisition of rival Emeritus, the leadership team of Brookdale Senior Living has tweaked its executive lineup. Executive Vice President and Treasurer Kristin Ferge has added the chief accounting officer title to her name and taken over the principal accounting officer role from President and CFO Mark Ohlendorf. Ferge has been with Brookdale since mid-2005, when she joined the Brentwood-based company from Alterra Healthcare.
National Health Investors has reported second-quarter normalized adjusted funds from operations of $31.1 million versus $23.9 million in the spring of 2013. Per diluted shares, normalized adjusted FFO was 94 cents, an increase of 9 percent from a year ago. Revenues soared to $44.2 million versus $27.1 million, largely because of acquisitions.
In the last hour of trading Monday, NHI shares (Ticker: NHI) are trading up about 1 percent to $60.37. Year to date, they're up about 8 percent.
Brookdale Senior Living has put a bow on its acquisition of rival Emeritus, a nearly $3 billion deal that creates a company with more than 1,100 properties in 46 states. As part of the purchase, Emeritus President and CEO Granger Cobb, pictured here, has joined the board of Brentwood-based Brookdale.
SEE ALSO: Brookdale inks Emeritus purchase deal from back in February
Analysts at Goldman Sachs have begun formally covering Brookdale Senior Living, which last week got shareholder approval to close its big purchase of Emeritus. The firm has a 'buy' rating and a $44 price target for the stock (Ticker: BKD), which $34.14 and is up about 2 percent today.
Brian Nagel at Oppenheimer has cut his price target for Tractor Supply shares to $60 from $70. The move comes a few days after several other analysts made similar moves on the heels of Tractor Supply's second-quarter earnings warning. At around 12:30 p.m.. Wednesday, Tractor Supply (Ticker: TSCO) was down slightly to about $60.85.
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