This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cross Country Healthcare Rises Following Upgrade

NEW YORK (AP) ¿ Shares of Cross Country Healthcare Inc. rose Friday after an analyst upgraded the health care staffing services provider, saying he sees signs of improvement in the industry.

In afternoon trading, the stock gained 99 cents, or 11 percent, to $9.85.

SunTrust Robinson Humphrey analyst Tobey Sommer said he believes demand for registered and temporary nurses is improving.

"The horrific temp nurse volume declines in first-half 2009 have stabilized," he said in a note to clients. He also said the flu season could leave hospitals needing more staffers, and health care stimulus funds could provide a lift to Cross Country's clinical trials business in 2010 and 2011.

Sommer raised his rating on the stock to "Buy" from "Neutral." He kept a price target of $13 per share, which would be close to an annual high for the Boca Raton, Fla., company's shares. The stock has sunk about 42 percent in the past year, and last traded at $13 on Oct. 14, 2008.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
CCRN $10.75 0.00%
AAPL $131.39 0.00%
FB $80.48 0.00%
GOOG $542.51 0.00%
TSLA $245.62 0.00%


DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs