Oppenheimer Maintains Outperform On Community Health Systems, Sees 19% Upside


Oppenheimer analyst Michael Wiederhorn maintained an Outperform rating on Community Health Systems (NYSE:CYH) with a price target of $60.00, which represents a potential upside of 19% from where the stock is currently trading.

Wiederhorn said, “CYH reported 3Q14 adj. EPS of $1.00 (GAAP: ($0.54)), vs. OPCO’s estimate/ Street consensus of $0.70/$0.77. Adj. results exclude $0.41 of gov’t settlement costs, $0.04 of legal expenses and $0.02 of HMA acquisition/integration expenses. Results benefited from improved admission trends, the continued ACA ramp-up and accelerated HITECH payments. Looking forward, CYH raised FY2014 EPS guidance to $3.05-3.30 vs. $2.70-3.20. Following the quarter, we are increasing our FY2014/ FY2015 EPS estimates to $3.31/$4.10 from $3.02/$3.97, but maintaining our $60 price target.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Michael Wiederhorn has a total average return of 19.0% and a 83.0% success rate. Wiederhorn has a -3.2% average return when recommending CYH, and is ranked #94 out of 3363 analysts.

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