community health systems

Bank of America Merrill Lynch is out with its report today on Community Health Systems (NYSE: CYH), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "Our rating reflects our belief that the company is one of the few hospitals that is well positioned to grow without a...

Bank of America has established a Neutral rating on Tenet Healthcare (NYSE: THC) from a No Rating after a failed hostile bid from Community Health Systems (NYSE: CYH) and maintains its $6.75 price objective.

According to Citi, Community Health Systems (NYSE: CYH) is downgraded to Hold. Citi said that after further analysis of 2-day stays and reimbursement coding it still sizes approximately 10% EPS risk from normalizing CYH's 1-day stay rates to national averages. “However, stepping back to consider...

Citigroup has downgraded Community Health Systems (NYSE: CYH) from Buy to Hold and has lowered the price target from $38 to $33.

According to Morgan Stanley, Community Health Systems (NYSE: CYH) disclosed OIG Subpoena on Friday. Morgan Stanley reported that Community Health Systems it expects shares to be weak again (could well take another 10+% hit) on Monday, after CYH disclosed after the market closed Friday 4/15/11 that...

Citi is out with its report today on Community Health Systems (NYSE: CYH), raising its price target from $34 to $38. In a note to clients, Citi writes, "We are raising our CYH 12-month price target from $34 to $38 to reflect a 9.6x forward EPS multiple applied to our existing 2013 EPS estimate of...

Citigroup has raised the price target on Community Health Systems (NYSE: CYH) from $34 to $38 and maintains its Buy rating.

J.P. Morgan is out with its report today on Community Health Systems (NYSE: CYH), previewing CYH's Q4 10 earnings. In a note to clients, J.P. Morgan writes, "For the quarter we have $0.74, compared to consensus of $0.73, and look for a same-store adjusted admission decline of -1.0% and net revenue...

Wells Fargo is downgrading shares of Tenet Healthcare Corporation (NYSE: THC) to Market Perform from Outperform. “We believe that ultimately Community Health Systems, Inc. (NYSE: CYH) will acquire shares of THC at about $6.50-7.50 offering investors limited upside from its recent price of $6.83,”...

Tenet Healthcare Corporation's (NYSE: THC) board rejected a $6/share (40% premium) from Community Health Systems, Inc. (NYSE: CYH), Citigroup reports. As a result, CYH has taken its bid to a public shareholder appeal. “We think the offer is fairly compelling (our PT was previously only $5) and...

Community Health Systems, Inc. (NYSE: CYH) announced that Tenet Healthcare Corporation's (NYSE: THC) board had rejected an unsolicited $6 bid ($5 cash, $1 stk), Citigroup reports. “We are surprised, but have a hard time being critical and see parallels to CYH's 2007 Triad Hospitals acquisition,”...

Goldman Sachs reports that Community Health Systems, Inc. (NYSE: CYH) has made an offer to purchase Tenet Healthcare Corporation (NYSE: THC) for $6/share ($5 cash, $1stock), a 40% premium to THC's closing price, reflecting 7.6x EV/EBITDA (TTM). “CYH expects the deal would be accretive to EPS in the...