Universal Health price target raised to $285 from $275 at Wells Fargo

Wells Fargo analyst Stephen Baxter raised the firm’s price target on Universal Health (UHS) to $285 from $275 and keeps an Overweight rating on the shares. Following Q3 earnings, the firm is updating models and detailed earnings bridges for each Hospital. Wells note that core revisions are for the most part relatively small, but there are impacts from Hurricane impacts and revised Medicaid supplemental payment assumptions that drive changes.