Analyst action: Pinnacle, Delek

Brian Martin at FIG Partners has lowered his rating on shares of Pinnacle Financial Partners to 'market perform' from 'market outperform' following the bank holding company's Q2 profit report. Before the report, Martin's price target was $53, just a bit above where Pinnacle (Ticker: PNFP) is changing hands today. Over at SunTrust Robinson Humphrey, analysts have trimmed their price target for Nashville-based Pinnacle to $62 from $63 but maintained his 'buy' rating.

Macquarie analyst Vikas Dwivedi has launched coverage of several refining stocks with positive ratings, saying the sector will benefit from tight capacity and solid financials. Among the companies getting 'outperform' ratings is Brentwood-based Delek US Holdings. Mid-morning Tuesday, Delek (Ticker: DK) was trading at about $36.50. So far this year, they're up 34 percent.

Jul 28, 2015 1:04 PM

Analyst action: Pinnacle, Genesco

Analysts at Zacks Investment Research have hiked their rating on shares of Pinnacle Financial Partners. They now rate the Nashville-based bank holding company a 'buy' instead of a 'hold' and see the shares climbing to $59 in the coming quarters. Pinnacle (Ticker: PNFP) ended last week at $53.10.

At Macquarie, Laurent Vasilescu and Stephanie Wakeham have begun covering shares of apparel retailer Genesco with a 'neutral' rating that balances the strong performance at the company's Journeys brand with the struggles of its Lids concept. Their target for Genesco (Ticker: GCO) is $69, about 10 percent higher than where the stock finished Friday's session.

Jul 27, 2015 8:41 AM

Two analysts cut Pinnacle ratings

Two firms tracking the shares of Pinnacle Financial Partners have lowered their ratings on Nashville's biggest bank company following its second-quarter profit report. Keefe Bruyette & Woods analyst Jefferson Harralson has trimmed Pinnacle to 'market perform' from 'outperform' but maintained his $54 price target. And analysts at Portales Partners have made a similar move, going to 'sector perform.' Pinnacle shares, which took a dip yesterday following the profit report, are up 1.6 percent to $55.49 (Ticker: PNFP) this morning.

Jul 23, 2015 10:16 AM

Needham cuts HealthStream rating

Needham Securities analyst Scott Berg is suggesting investors take a breath on HealthStream after the company's second-quarter earnings report and conference call. He has downgraded the stock (Ticker: HSTM) to 'hold' from 'buy' and wants to see a clearer growth narrative for parts of the business.

While the company's 2Q call detailed a core business that remains strong, potential early ICD-10 customer loss, the continued lack of visibility of declining ICD-10 related revenues, and an underperforming Patient Experience segment give us less confidence that the company can drive meaningful upside to our current growth estimates.

Jul 22, 2015 11:52 AM

Analyst action: LifePoint, Community Healthcare Trust

We still have a bit of hospital stock news to pass on in the wake of the Supreme Court’s decision in favor in health insurance exchange subsidies. Mizuho Securities’ Sheryl Skolnick has upgraded shares of LifePoint Health to ‘buy’ from ‘neutral’ and set a price target of $95.71, which leaves about 10 percent of upside. Skolnick points out that Brentwood-based LifePoint (Ticker: LPNT) already is “nicely FCF positive” and will benefit from the higher exchange enrollments that are expected.

Newly public Community Healthcare Trust has picked up coverage from analysts at Evercore ISI. They have set a ‘buy’ rating on the Cool Springs-based real estate investment trust and see it climbing to $22 in the coming quarters. Community Healthcare (Ticker: CHCT) closed Monday at $19.07.

Jun 30, 2015 7:04 AM

Analyst action: Hospital stocks after Supreme Court ruling

Hospital stocks are seeing a lot of action after the Supreme Court ruled Thursday to uphold subsidies for consumers buying health insurance in states using the federal marketplace.

Avondale Partners analyst Paula Torch reiterated her 'market outperform' rating for HCA Holdings and raised the firm's price target to $103 from $90, saying the Supreme Court ruling "clears the runway for the multiple to expand."

Mizuho analyst Sheryl Skolnick has upgraded the stocks of Community Health Systems from 'neutral' to 'buy' and raised her $52 price target all the way to $83.90. On the flip side, CHS was downgraded by Raymond James John Ransom, who dropped the firm's 'outperform' rating to 'market perform.'

Also happening today:

• Leerink analyst Ana Gupta raised her price target for HCA from $95 to $100. She also raised her target for CHS to $70 from $60 and LifePoint Health from $75 to $85.

• Analysts at Oppenheimer raised their price target on HCA to $82 from $60 and CHS to $102 from $87.

• Jefferies analyst Brian Tanquilut raised his price target for HCA to $108 from $95 and CHS to $79 from $75.

Shares of CHS (Ticker: CYH) are up 14.5 percent this week to $64.39. HCA shares (Ticker: HCA) are up 9 percent this week to $92.12 and LifePoint shares (Ticker: LPNT) are up 8 percent to $84.31.

Jun 26, 2015 11:51 AM

Wells Fargo upgrades HCA, CHS

Veteran hospital analyst Gary Lieberman at Wells Fargo expects that the Supreme Court's ruling Thursday safeguarding health insurance exchange subsidies will be the last major challenge to the Affordable Care Act. As a result, he has upgraded shares of locals HCA Holdings and Community Health Systems as well as Tenet Healthcare — even though they soared Thursday — to 'outperform' from 'market perform.' Notably, he left intact his lower rating on LifePoint Hospitals. Overall, Lieberman says the hospital sector should now have solid long-term profit prospects.

Jun 26, 2015 7:18 AM

Analyst action: Avenue, Franklin Financial

Analysts at Wunderlich Securities have started covering the shares of newly public local bank holding company Franklin Financial Network and Avenue Financial Holdings. The firm has given Franklin Financial a 'buy' rating and price target of $28 — up from the stock's current level (Ticker: FSB) of about $22 — but stopped at 'hold' for Avenue. The latter (Ticker: AVNU) is seen climbing to $13.50 from the $11.55 at which it closed last Friday.

Jun 22, 2015 2:26 PM

Analyst action: Healthways, Acadia

Two longtime Healthways analysts on Friday cut their price targets for the population health management play after new and interim CEO Alfred Lumsdaine said 2015 profits will not meet expectations. But both Brooks O'Neil at Dougherty and Sean Wieland at Piper Jaffray are not telling investors to stop buying the company's shares, keeping Healthways at 'buy' and 'overweight' ratings, respectively. O'Neil's target for Healthways, which on Friday fell 20 percent to $12.40 (Ticker: HWAY), has come all the way down to $15 from $25. Wieland is staying more upbeat: His target now stands at $25.50, down from $27.

The skies are decidedly brighter for shareholders of Acadia Healthcare, which has climbed about 25 percent so far in 2015 after rising by about a third last year. Mizuho Securities analysts see even better days ahead and have launched coverage of the Franklin-based company with an 'outperform' rating at a price target of $84. Acadia (Ticker: ACHC) closed Friday trading at $76.47.

Jun 22, 2015 7:19 AM

Analyst action: Community Healthcare Trust, Healthways

Analyst Steve Manaker at Oppenheimer has launched coverage of newly public Community Healthcare Trust with an 'outperform' rating and a price target of $21. A key in his analysis is the type of properties CEO Tim Wallace and his team are targeting: "The key for us is not just management's ability to underwrite the real estate but also the importance of a tenant's place in the local healthcare ecosystem." Community Healthcare Trust (Ticker: CHCT) is changing hands this morning at about $19.10.

Manaker's colleague Mohan Naidu has begun covering shares of population health management company Healthways (Ticker: HWAY) with a neutral rating. Among his concerns are how the exit of former CEO Ben Leedle might hurt contract renewals and the long-term impact of health insurance exchanges on Healthways' work with large employers.

Jun 18, 2015 10:42 AM