UPDATE: Citigroup Upgrades AMN Healthcare Services to Buy on Operating Momentum

Citigroup raised its rating on AMN Healthcare Services

from Neutral to Buy and established its price target at $11 a share. Citigroup noted, "AHS has broken out and we are upgrading shares from Neutral to Buy and establishing a 12month price target of $11 (+33%). AHS appears to be taking market share and benefitting from its managed service program (MSP) offering with large healthcare systems. The 2008-2010 cycle of hospital staff reductions is poised for a new growth cycle if Obamacare is implemented." AMN Healthcare Services closed at $8.31 on Tuesday.