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THC

Tenet

$16.56

2.11 (14.60%)

, HCA

HCA Healthcare

$78.26

0.73 (0.94%)

08:59
08/22/17
08/22
08:59
08/22/17
08:59

Tenet 'short squeeze' shouldn't be chased, says JPMorgan

JPMorgan analyst Gary Taylor attributes Tenet's (THC) 32% advance over the last two sessions to a combination of several factors - a "short squeeze" due to fears of more activist activity; the timing of the announcement of Glenview Capital's resignation of two board seats and intention to "evaluate other avenues to be a constructive owner" during the thinly-traded final half of August; and competitors' Sum-of-the-Parts valuations that he deems "unreasonable." Taylor, who believes HCA Holdings (HCA) and other local systems will continue to have interest in certain Tenet hospitals, but is "somewhat skeptical that HCA would consider an outright purchase," would not be chasing the short squeeze and keeps a Neutral rating on Tenet shares.

THC

Tenet

$16.56

2.11 (14.60%)

HCA

HCA Healthcare

$78.26

0.73 (0.94%)

  • 23

    Aug

  • 06

    Sep

THC Tenet
$16.56

2.11 (14.60%)

08/21/17
LEER
08/21/17
NO CHANGE
Target $30
LEER
Outperform
Tenet price target raised to $30 from $23 at Leerink
Leerink analyst Ana Gupte raised her price target for Tenet to $30 from $23 in anticipation of activist restructuring and sees further upside to as much as $50 as the process works itself through. The analyst believes the announcement by Glenview Capital Management that its two representatives are resigning from the Board, in combination with the company's 8-K filing is an indication that Glenview is moving to an aggressive activist role to unlock value. Gupte reiterates an Outperform rating on the shares.
08/18/17
LEER
08/18/17
NO CHANGE
Target $23
LEER
Outperform
Tenet post-earnings selloff overdone, says Leerink
Leerink analyst Ana Gupte views the post-Q2 earnings selloff in shares of Tenet Healthcare as overdone. While the company experienced the same secular headwinds in the Hospital segment as its peers, the pricing growth was "solid" and the Ambulatory segment performed well with increased guidance, Gupte tells investors in a research note. She sees Tenet's ability to achieve earnings expectations as better than feared and keeps an Outperform rating on the name. Gupte dropped her price target for the shares to $23 from $27.
08/16/17
PIPR
08/16/17
NO CHANGE
PIPR
Piper 'incrementally more bearish' on Hospital sector
Valuations in the Hospital sector have come in, but not enough, Piper Jaffray analyst Sarah James tells investors in a research note. She believes that contradictory to what the hospitals are suggesting, structural headwinds will continue for five-plus years. The analyst believes the group should be trading at a discount. James has an Underweight rating on Community Health Systems (CYH), Overweight ratings on HCA Holdings (HCA) and Universal Health (UHS), and Neutral ratings on LifePoint (LPNT) and Tenet (THC).
08/09/17
BARD
08/09/17
NO CHANGE
Target $23
BARD
Outperform
Tenet shares 'feel' oversold, says Baird
Baird analyst Whit Mayo believes Tenet shares "feel" oversold, but he admits there is no clear catalyst soon. He said the current environment is tough and Q3 is historically not a time to be overweight medical providers, but the company has made some real progress on a turnaround. Mayo maintained his Outperform rating and $23 price target on Tenet shares.
HCA HCA Healthcare
$78.26

0.73 (0.94%)

07/26/17
BOFA
07/26/17
DOWNGRADE
Target $92
BOFA
Neutral
HCA Holdings downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Kevin Fischbeck downgraded HCA Holdings to Neutral and lowered its price target to $92 from $102 following the somewhat "disappointing" Q2 report and lowered guidance. Fischbeck sees little up0side to shares and said HCA is the "best house on a bad block" and said he expects HCA to meet guidance on cost controls and not a volume ramp.
06/28/17
ARGS
06/28/17
INITIATION
ARGS
Buy
HCA Holdings initiated with a Buy at Argus
Argus analyst Stephen Biggar started coverage of HCA with a $100 price target and a Buy rating. He expects HCA to benefit from small increases in demand and average revenue per admission this year. The analyst expects the company's revenue growth to accelerate next year due to "slightly better demand trends and a small improvement in payor mix." He predicts that the company's margins will rise slightly in 2018, driven by cost controls and more favorable customer mix.
06/23/17
LEER
06/23/17
NO CHANGE
LEER
Outperform
Draft version of Senate healthcare bill better than expected, says Leerink
Leerink analyst Ana Gupte said she views the draft version of the Senate healthcare bill as better than expected, stating that stabilization of the Exchanges and risk stabilization is a direct positive for health insurers and indirect positive for facility operators. The Senate bill maintains the House bill's plan to repeal all "ObamaCare" industry fees and taxes, which is a positive for Managed Care and Medical Technology players, Gupte adds. She keeps Outperform ratings on Anthem (ANTM), UnitedHealth (UNH), Cigna (CI), Humana (HUM), WellCare (WCG), Molina Healthcare (MOH) and acute care hospital operators HCA Holdings (HCA), Tenet (THC) and LifePoint (LPNT).

TODAY'S FREE FLY STORIES

OSTK

Overstock.com

$71.25

-4.4 (-5.82%)

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GE

General Electric

$16.24

-0.535 (-3.19%)

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Former GE vice chairman Wright says major issue is liabilities on balance sheet »

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  • 24

    Jan

10:35
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NINE

Nine Energy Services

10:31
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  • 19

    Jan

10:30
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General news
U.S. January consumer confidence slid 1.5 points to 94.4 »

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PAYC

Paycom

$89.86

0.74 (0.83%)

, ALRM

Alarm.com

$39.43

1.16 (3.03%)

10:29
01/19/18
01/19
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Conference/Events
Jefferies software analyst holds an analyst/industry conference call »

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PAYC

Paycom

$89.86

0.74 (0.83%)

ALRM

Alarm.com

$39.43

1.16 (3.03%)

CA

CA Technologies

$34.19

-0.28 (-0.81%)

RHT

Red Hat

$125.41

-0.06 (-0.05%)

ORCL

Oracle

$50.43

0.2 (0.40%)

SSNC

SS&C

$49.94

0.23 (0.46%)

VMW

VMware

$136.19

0.56 (0.41%)

CTXS

Citrix

$91.38

0.19 (0.21%)

MSFT

Microsoft

$90.10

-0.04 (-0.04%)

SYMC

Symantec

$27.25

-0.27 (-0.98%)

PANW

Palo Alto Networks

$157.60

-0.22 (-0.14%)

APTI

Apptio

$24.23

0.23 (0.96%)

CHKP

Check Point

$103.20

-0.37 (-0.36%)

NICE

Nice

$93.83

1.2 (1.30%)

SPLK

Splunk

$91.43

0.86 (0.95%)

RNG

RingCentral

$53.55

0.35 (0.66%)

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  • 22

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    Jan

  • 05

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    Feb

  • 06

    Feb

  • 06

    Feb

  • 07

    Feb

  • 07

    Feb

  • 12

    Feb

  • 26

    Feb

  • 27

    Feb

10:25
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10:25
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10:25
General news
The Michigan sentiment drop to a 6-month low of 94.4 »

The Michigan sentiment…

URG

UR-Energy

$0.72

-0.0279 (-3.72%)

10:25
01/19/18
01/19
10:25
01/19/18
10:25
Conference/Events
UR-Energy to hold a conference call »

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  • 19

    Jan

AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

10:25
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01/19
10:25
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Conference/Events
Leerink healthcare analysts hold an analyst/industry conference call »

Healthcare Analysts…

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  • 19

    Jan

  • 01

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  • 18

    Mar

BDX

Becton Dickinson

$233.54

1.42 (0.61%)

, ATHN

athenahealth

$125.53

-0.65 (-0.52%)

10:24
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01/19
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Initiation
On The Fly: Top five analyst initiations »

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BDX

Becton Dickinson

$233.54

1.42 (0.61%)

ATHN

athenahealth

$125.53

-0.65 (-0.52%)

CRBP

Corbus Pharmaceuticals

$7.95

-0.25 (-3.05%)

TTD

Trade Desk

$48.36

-1.12 (-2.26%)

IPCI

Intellipharmaceutics

$0.80

-0.02 (-2.44%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

  • 02

    Feb

  • 06

    Feb

Z

Zillow

$43.97

-0.57 (-1.28%)

, ZG

Zillow

$43.86

-0.49 (-1.10%)

10:24
01/19/18
01/19
10:24
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10:24
Downgrade
On The Fly: Top five analyst downgrades »

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Z

Zillow

$43.97

-0.57 (-1.28%)

ZG

Zillow

$43.86

-0.49 (-1.10%)

BLMN

Bloomin' Brands

$21.96

0.02 (0.09%)

PH

Parker-Hannifin

$210.94

0.4 (0.19%)

MKC

McCormick

$100.10

-2.81 (-2.73%)

WNS

WNS Holdings

$44.30

-0.98 (-2.16%)

03/08/13
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  • 25

    Jan

  • 26

    Feb

NKE

Nike

$66.12

2.0086 (3.13%)

, ANF

Abercrombie & Fitch

$19.45

0.5 (2.64%)

10:24
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Upgrade
On The Fly: Top five analyst upgrades »

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NKE

Nike

$66.12

2.0086 (3.13%)

ANF

Abercrombie & Fitch

$19.45

0.5 (2.64%)

CMG

Chipotle

$338.74

1.21 (0.36%)

FL

Foot Locker

$49.49

0.8999 (1.85%)

PM

Philip Morris

$107.12

2.05 (1.95%)

MO

Altria Group

$71.38

1.35 (1.93%)

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  • 24

    Jan

  • 25

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  • 01

    Feb

  • 06

    Feb

ADT

ADT Inc.

, APO

Apollo Global

$34.07

-1.005 (-2.87%)

10:22
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01/19
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Syndicate
Breaking Syndicate news story on ADT Inc., Apollo Global »

ADT Inc. opens at $12.65,…

ADT

ADT Inc.

APO

Apollo Global

$34.07

-1.005 (-2.87%)

03/08/13
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  • 01

    Feb

  • 19

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NSPR

InspireMD

$0.17

-0.0019 (-1.11%)

10:21
01/19/18
01/19
10:21
01/19/18
10:21
Hot Stocks
InspireMD reports independent publication highlighting advantages of CGuard EPS »

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ODP

Office Depot

$3.51

0.01 (0.29%)

10:20
01/19/18
01/19
10:20
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10:20
Options
Defensive option play in Office Depot »

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10:20
01/19/18
01/19
10:20
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10:20
General news
Treasury Action: yields paused at highs after surging »

Treasury Action: yields…

10:18
01/19/18
01/19
10:18
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10:18
Conference/Events
RBC Capital technology analysts hold an analyst/industry conference call »

Technology Analysts…

$NSD

NASDAQ Market Internals

10:17
01/19/18
01/19
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

10:16
01/19/18
01/19
10:16
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Technical Analysis
NYSE market internals summary »

Volume is above average…

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10:15
01/19/18
01/19
10:15
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10:15
General news
FX Action: The dollar »

FX Action: The dollar…

FAZ

Direxion Financial Bear 3x

$10.45

-0.1438 (-1.36%)

10:10
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01/19
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01/19/18
10:10
Options
Direxion Daily Financial Bear 3X Shares draws a notable option block »

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NINE

Nine Energy Services

10:09
01/19/18
01/19
10:09
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10:09
Syndicate
Breaking Syndicate news story on Nine Energy Services »

Nine Energy Services IPO…

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  • 19

    Jan

COLD

Americold Realty Trust

10:09
01/19/18
01/19
10:09
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10:09
Syndicate
Breaking Syndicate news story on Americold Realty Trust »

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  • 19

    Jan

QRVO

Qorvo

$68.76

-1.92 (-2.72%)

10:05
01/19/18
01/19
10:05
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10:05
Technical Analysis
Technical Take: Qorvo drops, levels to watch »

The shares were last down…

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10:04
01/19/18
01/19
10:04
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10:04
General news
Potential government shutdown not doing much to rattle market »

Stock futures were a bit…

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