Goldman Sachs analyst Matthew Fassler has lifted his price target for shares of Tractor Supply to $52 from $49. Fassler, who has been cautious for months about the run-up in the Brentwood-based retailer, has the stock at 'neutral.' Shares of Tractor Supply (Ticker: TSCO) are this morning changing hands at almost $54.50 and are up about 12 percent year to date.
Kevin Campbell at Avondale Partners has lowered his rating on shares of America Service Group to 'market perform' after last week's news that the prison health care provider is selling itself to a St. Louis-based peer. Campbell thinks it's unlikely the board of America Service (Ticker: ASGR) will find a better than the $26 Valitas Health Services has offered.
CMS and ASGR are the largest vendors in the space. Therefore, the amount of synergies from an offer of another provider should not be as significant. We do not believe vendors involved inother areas of private corrections (i.e., Corrections Corp. of America (CXW) or The GEO Group, Inc. (GEO)) would be interested in acquiring ASGR.
Three executives at LifePoint Hospitals have in the past week lightened their holdings in the Brentwood-based company. Most active was Scott Raplee, president of operations, who exercised almost 100,000 options before selling the resulting shares as well as some 36,000 more. The transactions netted Raplee, 44, more than $2.4 million. Also selling into the market were Chief Legal Officer Paul Gilbert and Chief Accounting Officer Michael Coggin. Their moves generated profits of about $500,000 and $120,000, respectively. Shares of LifePoint (Ticker: LPNT) are up about 7 percent this year and are at their highest level since the spring of 2007.