Benzinga | Sep 21, 2020 11:21AM EDT

Why HCA Healthcare's Stock Is Trading Lower Today

HCA Healthcare (NYSE:HCA) shares are trading lower after JPMorgan downgraded the stock from Overweight to Neutral and lowered its price target from $161 to $143 per share.

HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the U.S. As of June 2020, the firm owned and operates 186 hospitals, 122 freestanding outpatient surgery centers, and a broad network of physician offices, urgent care clinics, and freestanding emergency rooms across 20 states and a small foothold in England.

HCA Healthcare shares were trading down 8.92% at $120.45 on Monday at the time of publication. The stock has a 52-week high of $151.97 and a 52-week low of $58.38.