TD Cowen lowered its price target on Universal Health Services from $230 to $197 while maintaining a Buy rating, implying a 24% upside from current levels. The revision follows a May hospital survey showing flat year-over-year revenue, leading the firm to reduce growth expectations for 2026 and 2027, with weaker surgical volumes partly offset by other medical services. Universal Health Services operates acute care hospitals, behavioral health facilities, and outpatient centers across the US, Puerto Rico, and the UK.
Universal Health Services IncTD Cowen lowered price target from $230 to $197 due to flat revenue and weaker surgical volumes