Analyst action: Psych Solutions, O’Charley’s

By Geert De Lombaerde Posted on October 29, 2009 at 7:15 am

Soleil Securites’ A.J. Rice yesterday downgraded shares of Psychiatric Solutions to ‘hold’ from ‘buy’ and slashed his price target to $22 from $33. The stock (Ticker: PSYS) lost almost a quarter of its value after a disappointing Q3 report.

Over at Morgan Keegan, analyst Robert Derrington has raised O’Charley’s to ‘outperform’ from ‘market perform’ citing the stock’s valuation and management’s operational plans. The restaurant chain (Ticker: CHUX) will report its earnings this morning; the Street is looking for a loss of 10 cents per share.

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Tags: A.J. Rice, analyst actions, behavioral health care, Morgan Keegan & Co. Inc., O'Charley's Inc., Psychiatric Solutions Inc., restaurants, Robert Derrington, Soleil Securities Group Inc., specialty hospitals  

‘Considerable progress’ at LifePoint

By Geert De Lombaerde Posted on October 1, 2009 at 11:37 am

Soleil Securities analyst A.J. Rice says the executive team at LifePoint is putting together the pieces for a nice long-term growth run and should trade much higher than its industry-low valuation. Shares of LifePoint (Ticker: LPNT) are up more than 3 percent today.

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Tags: A.J. Rice, analyst actions, hospital management, LifePoint Hospitals Inc., Soleil Securities Group Inc., stock valuation