HCA Holdings: TD Cowen Boosts Target to $371

TD Cowen Increases Price Target for HCA Holdings, Expects Strong Performance and Market Share Growth

TD Cowen, a prominent investment firm, has expressed confidence in HCA Holdings by raising its price target to $371 from the previous $265, while reiterating an Outperform rating on the stock. This revision follows HCA’s impressive fourth-quarter results for 2023 and its strong guidance for 2024. According to TD Cowen’s analysis, HCA’s robust performance and the expectation of gaining market share due to competitors’ constrained capital spending are the key drivers behind this optimistic valuation.