Piper Jaffray analyst Sarah James upgraded Universal Health Services (UHS) to Overweight saying the valuation gap between the company and industry leader HCA Holdings (HCA) is more attractive. The analyst expects the labor shortage to resolve in the second half of 2017, driving incremental EBITDA. She raised her price target for the shares to $147 from $119.
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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.