By: Benzinga
March 18, 2013 at 08:29 AM EDT
UPDATE: Jefferies Upgrades Health Management Associates to Buy on Multiple Expansion, Reform Momentum
Jefferies upgraded Health Management Associates (NYSE: HMA ) from Hold to Buy and raised the price target from $7.50 to $14.50. Jefferies analyst Brian Tanquilut commented, "We believe HMA shares still have meaningful upside left despite the stock's recent run given our view that sector multiples will continue to expand
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