Community Health Systems was upgraded to buy from hold by TheStreet Ratings last Monday. TheStreet Ratings gives Community Health Systems a B- grade and $31.81 price target.
Texas hedge fund Q Investments claims Community purposefully concealed costs and inflated Ebitda projections to raise a maximum amount of financing in connection with its spinoff of Quorum.
The rural hospital operator has said it is exploring potential transactions with private equity.
Shares have barely reacted as the Tennessee-based operator of non-urban hospitals explores potential transactions with sponsors.