Morgan Stanley initiated coverage of Healthsouth Corp. (NYSE:HLS) with an equal-weight rating.
The bank sees 2010 EPS of $1.48 and 2011 EPS of $1.61.
HEALTHSOUTH Corporation provides inpatient rehabilitative healthcare services. The Company operates inpatient rehabilitation hospitals, long-term acute care hospitals, outpatient and rehabilitation satellites, and home health agencies. HEALTHSOUTH provides treatment on both an inpatient and outpatient basis.
HealthSouth has a potential upside of 14% based on a current price of $20.89 and an average consensus analyst price target of $23.81.
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