HCA Healthcare price target raised to $150 from $130 at RBC Capital

RBC Capital analyst Frank Morgan raised his price target on HCA Healthcare to $150 and kept his Outperform rating, citing the financial contribution from “several pending transitions” that are yet to close. The analyst highlights the $1.5B deal to acquire Mission Health in North Carolina and North Cypress in Houston, stating that these will add to the company’s anticipated tailwinds in 2019. Morgan is also positive on the “improved performance” from HCA Heathcare’s other Houston-area hospitals that were acquired from Tenet last year.
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