BofA analyst Kevin Fischbeck named Universal Health Services his top pick in Health Care Facilities for 2020. The analyst sees company-specific catalysts around improving psych volumes and more aggressive capital deployment after the Just Department settlement. He keeps a Buy rating on the shares with a $182 price target. Fischbeck is more constructive on hospitals in the short term given a more positive view on the near term back drop for volumes, but he remains "somewhat cautious" long term due to structural payer mix headwinds and rising labor costs. The analyst is positive on psych, dialysis, home health, ambulatory surgery centers, and in the near term hospitals. He's neutral on senior living and institutional post-acute care.