Community Healthcare Trust picks up first 'buy' ratings

Several investment banks have launched coverage of newly public Community Healthcare Trust with positive outlooks. Giving 'buy' ratings to the real estate investment trust are analysts at SunTrust Robinson Humphrey, Janney Montgomery Scott and Sandler O'Neill. SunTrust's researchers have a $22 target and Sandler a $23 target for the stock (Ticker: CHCT), which went public four weeks ago at $19.

Jun 15, 2015 8:35 AM

Analyst action: HCA, AAC, Pinnacle

Shares of HCA Holdings are on the list of 10 catalyst-driven picks for the second quarter at BofA Merrill Lynch. The firm's analysts say a favorable Supreme Court ruling in King vs. Burwell — which is expected by late June — will give the country's largest private hospital operator "plenty of upside possibility with little downside." HCA shares (Ticker: HCA) are up slightly so far this year.

Raymond James analysts have added AAC Holdings to their list of must-own health care stocks for the coming months. AAC (Ticker: AAC), which went public late last year, is down just a bit so far in 2015.

Our playbook for 2015 encompasses four key themes to invest behind: above-average growth (relative to peer groups), reform (which has been strong on the exchange front and could see a bump in Medicaid enrollment as more states expand Medicaid), capital deployment optionality, and free cash flow generation (the last two provide downside support and can act as incremental growth drivers).

And lastly for now, Sandler O'Neil analyst Stephen Scouten has lowered his rating on shares of Pinnacle Financial Partners (Ticker: PNFP) to 'hold' from 'buy' after they hit his $44 target. However, he has tweaked that target to $47.

Apr 2, 2015 9:49 AM

Sandler lifts Pinnacle rating

Analyst Stephen Scouten at Sandler O'Neill has raised his rating on shares of Pinnacle Financial Partners to 'buy' from 'hold' after the bank holding company reported its second-quarter numbers. The move by Scouten is based on the valuation of Pinnacle, which is off about 10 percent from its recent highs (Ticker: PNFP) but is still up about 15 percent so far in 2014.

Jul 21, 2014 7:17 AM

Pinnacle execs optimistic about Q4

Turner, Carpenter tell conference of loan growth, rising margins
Nov 11, 2011 10:45 AM

Analyst says Pinnacle will rebound

Sandler O'Neill analyst Kevin Fitzsimmons has upgraded shares of Pinnacle Financial Partners to 'buy' from 'hold.' He sees the stock (Ticker: PNFP), which has slid 24 percent to under $14 in the past five and a half weeks, climbing back to $16.50.
May 24, 2010 7:20 AM

Analysts: Many banks looking to shrink

Sandler O'Neill's top bank analysts last week spent some time in New Orleans at the Gulf South Bank Conference. Here are some of the thoughts they took away from the presentations of and conversations with managers of some 20 regional banks, several of which have operations in Tennessee. - Loan growth is nowhere near as important as a year ago. "Regulators, banks, and investors now seem to be on the same page on capital," wrote managing directors Joe Fenech and Kevin Fitzsimmons. That echoes sounds that have come from other quarters of the industry, including the local folks at Pinnacle Financial and Tennessee Commerce, whose strong growth had them turning to TARP. - Bankers are getting their arms around their problems. "It seems loans are migrating through the respective credit management buckets ... in a more orderly and predictable fashion," the analysts wrote. - Institutions with a good number of hotel loans on their books will be sweating it this summer. Fenech and Fitzsimmons pass on word that a number of banks reported that the drop in leisure travel is beginning to bite the hospitality industry.
May 12, 2009 11:07 PM