Business
Hospital stocks improve; analysts take more positive view of investing
NEWS IN BRIEF — Posted June 1, 2009
The financial analyst outlook for hospital stocks became more optimistic, and the value of shares of several hospital corporations grew over the past months, according to reports.
Citi Investment Research & Analysis, a division of Citigroup, upgraded the hospital sector from "equal weight" to "overweight" in a statement issued May 11. This means analysts believe stocks related to this segment of the economy will do better than the market as a whole. Goldman Sachs upgraded Tenet Healthcare May 19 to "buy" from "neutral."
The 10 stocks in the Investor's Business Daily hospital group on average increased nearly 70% from March 9 to May 8 and outperformed other industries, according to a report on that publication's Web site.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2009/06/01/bibf0601.htm.