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THC

Tenet

$16.56

2.11 (14.60%)

, HCA

HCA Holdings

$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 Holdings

$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 Holdings
$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

SYBX

Synlogic

$18.73

-0.52 (-2.70%)

09:40
09/19/17
09/19
09:40
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09:40
Initiation
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KSU

Kansas City Southern

, KORS

Michael Kors

09:40
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09/19
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Options
Unusually active option classes on open September 19th »

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KSU

Kansas City Southern

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Michael Kors

AAOI

Applied Optoelectronics

$66.29

7.99 (13.71%)

RAD

Rite Aid

NKE

Nike

M

Macy's

EFX

Equifax

INTC

Intel

VIX

Volatility Index S&P 500 Options

AMD

AMD

$13.08

0.56 (4.47%)

03/08/13
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NKE

Nike

09:37
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Recommendations
Nike analyst commentary  »

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SMBK

SmartFinancial

$23.88

0.38 (1.62%)

09:36
09/19/17
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09:36
Hot Stocks
SmartFinancial, Capstone Bancshares holders approve merger-related proposals »

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09:35
09/19/17
09/19
09:35
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09:35
General news
FX Action: USD-CAD »

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PG

Procter & Gamble

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CORI

Corium

$10.16

0.25 (2.52%)

, NEOS

Neos Therapeutics

$8.70

-0.5 (-5.43%)

09:33
09/19/17
09/19
09:33
09/19/17
09:33
Conference/Events
Mizuho to hold a conference »

Biotechnology CNS Deep…

CORI

Corium

$10.16

0.25 (2.52%)

NEOS

Neos Therapeutics

$8.70

-0.5 (-5.43%)

VYGR

Voyager Therapeutics

$17.36

1.01 (6.18%)

03/08/13
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  • 25

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NVAX

Novavax

$1.12

-0.02 (-1.75%)

09:32
09/19/17
09/19
09:32
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09:32
Hot Stocks
Novavax initiates Phase 1/2 trial of NanoFlu vaccine in older adults »

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  • 26

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BSMX

Santander Mexico

09:32
09/19/17
09/19
09:32
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09:32
Downgrade
Santander Mexico rating change  »

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XPLR

Xplore Technologies

$3.50

-0.2 (-5.41%)

09:31
09/19/17
09/19
09:31
09/19/17
09:31
Hot Stocks
Xplore Technologies secures Android rugged tablet order »

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  • 28

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SNE

Sony

09:31
09/19/17
09/19
09:31
09/19/17
09:31
Downgrade
Sony rating change  »

Sony downgraded to…

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09:30
09/19/17
09/19
09:30
09/19/17
09:30
General news
The U.S. August housing starts report »

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BSX

Boston Scientific

09:29
09/19/17
09/19
09:29
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09:29
Hot Stocks
Boston Scientific's HeartLogic Diagnostic shows positive risk detection ability »

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UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

09:28
09/19/17
09/19
09:28
09/19/17
09:28
Hot Stocks
Ubiquiti CEO to host Investor Update on September 26 »

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  • 28

    Nov

HQY

HealthEquity

$45.77

0.65 (1.44%)

09:26
09/19/17
09/19
09:26
09/19/17
09:26
Conference/Events
HealthEquity participates in a conference call with Chardan »

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  • 25

    Sep

UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

09:26
09/19/17
09/19
09:26
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09:26
Hot Stocks
Ubiquiti Board approves additional $100M stock repurchase program »

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  • 28

    Nov

UBNT

Ubiquiti

$50.62

-4.335 (-7.89%)

09:23
09/19/17
09/19
09:23
09/19/17
09:23
Earnings
Ubiquiti narrows Q1 revenue view to $240M-$250M, consensus $234.5M »

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  • 28

    Nov

LNDC

Landec

$12.80

-0.2 (-1.54%)

09:22
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  • 27

    Sep

BOBE

Bob Evans

$72.93

1.02 (1.42%)

, POST

Post Holdings

09:19
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Hot Stocks
On The Fly: Pre-market Movers »

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BOBE

Bob Evans

$72.93

1.02 (1.42%)

POST

Post Holdings

AZO

AutoZone

TLGT

Teligent

$6.90

-0.29 (-4.03%)

WBA

Walgreens Boots Alliance

$82.60

0.1 (0.12%)

RAD

Rite Aid

APOG

Apogee Enterprises

$44.98

0.18 (0.40%)

EFX

Equifax

ALDX

Aldeyra

$9.10

0.2 (2.25%)

SNCR

Synchronoss

$16.75

0.64 (3.97%)

03/08/13
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  • 19

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PG

Procter & Gamble

09:19
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09/19
09:19
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Hot Stocks
Peltz says not asking for P&G CEO David Taylor to step down »

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DOX

Amdocs

$64.13

1.64 (2.62%)

09:19
09/19/17
09/19
09:19
09/19/17
09:19
Conference/Events
Amdocs participates in a conference call with Oppenheimer »

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TYL

Tyler Technologies

09:18
09/19/17
09/19
09:18
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09:18
Hot Stocks
Tyler Technologies selected by Odessa, Texas for ERP solution »

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  • 25

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SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
09/19/17
09/19
09:18
09/19/17
09:18
Options
Overnight activity included 97 trades in SPX and 67 trades in VIX »

97 trades were executed…

SPX

S&P 500

VIX

Volatility Index S&P 500 Options

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APD

Air Products

09:16
09/19/17
09/19
09:16
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09:16
Hot Stocks
Air Products awarded oxygen supply contract by South Korean chemical company »

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TPIC

TPI Composites

$20.98

-0.05 (-0.24%)

, XYL

Xylem

09:15
09/19/17
09/19
09:15
09/19/17
09:15
Conference/Events
Cowen to hold a summit »

Industrial Innovation…

TPIC

TPI Composites

$20.98

-0.05 (-0.24%)

XYL

Xylem

WLDN

Willdan Group

$29.79

0.71 (2.44%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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