- BofA Securities has upgraded Universal Health Services (NYSE:UHS) to buy from neutral as it sees increasing volumes and repricing in the hospital sector.
- The firm has a $163 price target (~24% upside based on Thursday's close price).
- Analyst Kevin Fischbeck said that earnings should gear up thanks to acute care normalization and repricing, though the behavioral care business will take some time to reaccelerate.
- He noted that the behavioral business should see margin improvement as labor pressure eases.
- Fischbeck added that Universal Health (UHS) has been receiving commercial rate increases that are 150-175bps higher than pre-COVID rate updates, which can help margins.
Universal Health Services upgraded to buy at BofA on acute care repricing
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Symbol | Last Price | % Chg |
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UHS | - | - |
Universal Health Services, Inc. |