Argus analyst David Toung raised the firm’s price target on HCA Healthcare to $285 from $260 and keeps a Buy rating on the shares. The company is seeing higher non-COVID patient admissions and surgical volumes, though it is also facing earnings headwinds as its hospitals cope with higher costs for labor and supplies, the analyst tells investors in a research note. While the firm is cutting its FY23 EPS view by 80c to $17.40, it also views HCA Healthcare shares as favorably valued at 14.7-times its 2023 EPS estimate, which is below the peer average of 17.3-times.
Published first on TheFly
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