Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of health-care management services expert Accretive Health
So what: Goldman Sachs just upgraded Accretive from a hold rating to a buy with a price target of $31 per share. The firm cites an "overwhelming need" for hospitals to manage their finances better, which is exactly what Accretive can help with.
Now what: It's refreshing to see a Wall Street firm finding long-term opportunity behind short-term stock pressures, as Goldman did here. Mind you, the stock trades at a nosebleed-inducing 130 times trailing earnings and more than 10 times book value, levels more often found in high-tech superstars such as Amazon.com
Interested in more information about Accretive Health? Add it to My Watchlist.
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