DaVita Upgraded at UBS, Shares Gain 3%
UBS upgraded DaVita's (NYSE:DVA) rating from Neutral to Buy, revising the price target upwards from $100.00 to $142.00. As a result, shares gained more than 3% yesterday.
The firm’s rationale hinges on notable positive revisions to the 2024 forecasts for EBIT, which is now anticipated to reach $1.793 billion, and EPS, projected at $9.00. Both these estimates significantly surpass Street consensus figures.
The bank’s viewpoint underscores the anticipation of a turning point in treatment growth, expected in the second and third quarters, followed by a more pronounced surge in 2024. This growth trajectory is reinforced by improved pricing strategies and a more streamlined cost structure, integrating savings from the End Stage Renal Disease Seamless Care Organizations (ESA) and clinic closures.
| Symbol | Price | %chg |
|---|---|---|
| MIKA.JK | 2370 | -0.42 |
| SILO.JK | 2570 | 1.95 |
| SRAJ.JK | 2500 | 2 |
| HEAL.JK | 1290 | -1.94 |
