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Fly News Breaks for June 26, 2015
HCA
Jun 26, 2015 | 05:26 EDT
Wells Fargo upgraded HCA Holdings to Outperform citing improved long-term visibility into financial results following the decision in the King vs. Burwell case. Wells believes the case is likely the final challenge to the Affordable Care Act and expects hospitals to close some of the EBITDA multiple gap which exists between them and the broader market. Wells raised its price target range for HCA shares to $92-$112 from $64-$70.
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