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عضو نشط
- التسجيل
- 4 أغسطس 2004
- المشاركات
- 342
Wednesday October 13, 2004 (4:16 pm ET)
UBS Upgrades Lincare to Buy
The therapy provider's stock rose after the government recommended a higher dispensing fee for respiratory therapies
UBS Financial upgraded Lincare (LNCR) to buy from neutral.
Analyst Justin Lake says according to a just-released, finalized General Accounting Office report, the Centers for Medicare and Medicaid Services has recommended a monthly dispensing fee for respiratory medications of between $55 and $64, which is at the very high end of expectations. He notes his previous estimate had included a conservative estimate regarding size of a dispensing fee in the $20-per-month range.
Lake raised Lincare's $1.55 2005 earnings per share estimate to $1.90, and upped the $33 target to $38, (based on shares trading at 20 times the 2005 earnings per share estimate). He also raised Apria Healthcare's $1.85 2005 earnings per share estimate to $1.95.
UBS Upgrades Lincare to Buy
The therapy provider's stock rose after the government recommended a higher dispensing fee for respiratory therapies
UBS Financial upgraded Lincare (LNCR) to buy from neutral.
Analyst Justin Lake says according to a just-released, finalized General Accounting Office report, the Centers for Medicare and Medicaid Services has recommended a monthly dispensing fee for respiratory medications of between $55 and $64, which is at the very high end of expectations. He notes his previous estimate had included a conservative estimate regarding size of a dispensing fee in the $20-per-month range.
Lake raised Lincare's $1.55 2005 earnings per share estimate to $1.90, and upped the $33 target to $38, (based on shares trading at 20 times the 2005 earnings per share estimate). He also raised Apria Healthcare's $1.85 2005 earnings per share estimate to $1.95.
