Wells Fargo upgraded Vanguard Health Systems (NYSE: VHS) from Market Perform to Outperform with a price target range of $11-13 from $10-12.
Analyst, Gary Lieberman, said, "Upgrading in order to incorporate the expected benefit from healthcare reform beginning in 2014-2015. We believe that shares of each company are undervalued by 42%."
Shares of Vanguard Health Systems closed at $8.30 yesterday, with a 52 week range of $6.92-$18.00.
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