RBC Capital analyst Frank Morgan said he suspects the intraday weakness in shares of Acadia (ACHC) was in reaction to a competitor report following a conference event, in which an analyst concluded that Universal Health (UHS) would not likely be an acquirer due to size and FTC issues. However, in his opinion, it is hard to imagine that investors would have thought a merger of these two companies was possible and Morgan believes a more likely scenario would be an LBO with a private equity sponsor or a sale of Acadia's U.K. assets. He notes that another possibility could be a delayed reaction to disclosures included in the company's 10-Q filing last week of a new False Claims investigation brought by the U.S. Attorney's Office in West Virginia. While a potential false claim investigation is always concerning, Morgan believes an investigation isolated to ancillary lab services at a limited number of facilities should likely carry less exposure, he tells investors. Morgan has an Outperform rating and $45 price target on Acadia shares.

Barclays analyst Andrew Mok raised the firm's price target on Universal Health to $189 from $181 and keeps an Equal Weight rating on the shares post the Q1 report. The company posted broad pricing strength and strong acute inpatient volumes, which drove a big EBITDA beat, the analyst tells investors in a research note.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here

Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.