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RESEARCH ALERT-UBS Warburg ups HealthSouth target


NEW YORK, Jan 11 (Reuters) - UBS Warburg analyst Howard Capek on Thursday said he raised the 12-month price target on HealthSouth Corp. <HRC.N> to $24 from $15.

Capek said he raised the target based on the company's renewed business strength, upside earnings per share bias, sector leadership, and narrowing of peer group valuation.

Capek set earnings per share estimates for HealthSouth at 71 cents for 2000 and 83 cents for 2001.

HealthSouth shares were up 3/8 at $15-5/8 in mid-morning trading on the New York Stock Exchange. The stock price has a 52-week range between $4-3/4 and $17-1/2.

09:57 01-11-01

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