The equity research team at RBC Capital Markets says investors should stay in (or get back into) many of the names that were doing well before the market's recent slide. Among these "market darlings," they say, is Nashville-based HCA Holdings, which has fallen 10 percent in the past month — right in line with the S&P 500 Index. HCA (Ticker HCA) fell 1.7 percent Tuesday to $83.09.
Just as the dust is settling on the second-quarter earnings season, John Ransom at Raymond James has raised his rating on shares of Community Health Systems to 'outperform' from 'market perform.' He had gone in the other direction following the Supreme Court's Obamacare ruling in June, but the stock has since retreated near to pre-ruling levels. His new price target for the stock is $70. It was changing hands Friday morning (Ticker: CYH) at about $57.60.
Another analyst has weighed in on the prospects for shares of National Health Investors following word of the pending exit of CEO Justin Hutchens. And just like Juan Sanabria at Bank of America Merrill Lynch, John Kim at BMO Capital Markets says Hutchens' departure is a blow for NHI. He sees "very little managerial depth" at the Murfreesboro-based company and has lowered his rating on the company to 'market perform' from 'outperform.' He also has trimmed his price target more than 10 percent to $65. NHI (Ticker: NHI) is trading at about $58.50.
The lawsuit filed by a Community Health Systems subsidiary against a Georgia hospital has been unsealed, a Columbus television station is reporting.
CHS sued cash-strapped St. Francis Hospital earlier this week for the $5 million it invested in an acquisition deal that later fell through. The Franklin company alleged Columbus-based St. Francis misrepresented itself in the acquisition negotiations. The hospital later signed a letter of intent to sell to CHS' locally based peer LifePoint Health.
The hospital assured CHS that the hospital's problems were exclusively financial, according to the document…CHS says it later learned the hospital was notified the day before their meeting that the Housing and Urban Development Office of Inspector General initiated a legal investigation into the hospital.
Shares of CHS (Ticker: CYH) were $56.91. Year to date, they're up 5.5 percent.
POSTDATA: WARRANTY DEEDS