Universal Health price target lowered to $211 from $222 at RBC Capital

RBC Capital lowered the firm’s price target on Universal Health (UHS) to $211 from $222 and keeps a Sector Perform rating on the shares. Results fell within management’s internal expectations amid tougher year over year comps, and RBC came away from the results encouraged by management’s sizing of incremental Medicaid supplemental programs expected to kick in next year, which should support solid growth, the analyst tells investors in a research note.