A number of analysts tracking Healthways have reacted positively to the company's Q2 profits. At Stifel Nicolaus, Thomas Carroll has hiked his price target for the Franklin-based company, which he rates a 'buy,' to $13 from $10. Michael Petusky at Noble Financial has upgraded Healthways (Ticker: HWAY) to 'buy' from 'hold' and given it a $12 target.
Not so enthused is Art Henderson at Jefferies, who has downgraded shares of AmSurg to 'hold' after the surgery center chain's Q2 numbers. Nashville-based Henderson says he has "serious concerns" about AmSurg's valuation given various macroeconomic uncertainties. His new $27 target is about 10 percent below where AmSurg (Ticker: AMSG) is changing hands this morning.
The strong second-quarter earnings from Healthways got a lot of investors enthused. Shares of the Franklin-based company (Ticker: HWAY) popped out of the gates this morning and even climbed more than 24 percent at one point to $10.61 before retreating a bit. The foray above $10 was the stock's first since late last October.
Three Middle Tennessee stocks are changing hands at or near their highest prices in a year. Delek US Holdings (Ticker: DK) reached $19 Thursday afternoon and is trading just below that today. The last time shares of the Mapco parent company were this high was in the first days of 2008.
You don't have go to back quite as far — last October, in fact — for the last time Healthways (Ticker: HWAY) was trading as high as it is today. But investors seem to think the wellness services provider will be one of the biggest beneficiaries of health reform: Since last Thursday, the stock is up 20 percent.
Also at a 52-week high is Louisiana-Pacific, which is benefiting from the gradual increase in optimism about the housing market. The building products manufacturer (Ticker: LPX) is up more than 20 percent in the past month — a move that included some very high-volume days — and is now at its highest point since April 2010.
Healthways executives have signed an agreement to market their SilverSneakers and Prime Fitness programs at 1,700 U.S. locations of global gym operator Anytime Fitness. The deal grows Healthways' fitness club presence by more than 10 percent.
“This collaboration with Anytime Fitness demonstrates Healthways ongoing commitment to enhancing our already-extensive network of fitness centers to provide our members with more choices, greater access and state-of-the-art options to improve their physical activity,” stated Debbie James, Vice President of Healthways Fitness Market. “We continue to make our member experiences a top priority and know that the addition of such a notable partner will support further member engagement with our programs.”