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Fly News Breaks for January 30, 2019
HCA
Jan 30, 2019 | 09:01 EDT
SunTrust analyst David MacDonald raised his price target on HCA Healthcare to $175 and kept his Buy rating after the company's "impressive" quarter marked by "solid" organic volumes, robust acuity and price, and "superb" cash flows". The analyst also points to HCA Healthcare's "sizable capex pipeline" that targets areas including IT improvements, expanded service offerings, and capacity expansion. MacDonald expects the company to continue to widen its competitive moat through its "robust cash flow and massive balance sheet".