Health Care Stocks Still Adding to Market-Leading Position

SHARE

Health care stocks were leading the U.S. markets higher Tuesday, with the NYSE Health Care Index rising about 0.7% while shares of health care companies in the S&P 500 were up more than 1.1% as a group.

In company news, BioScrip Inc (BIOS) rallied Tuesday after analysts at Lake Street today began coverage of the home-infusion services company with a buy recommendation and a $4.50 price target.

The move follows BioScrip last month disclosing plans to revise its five-year credit facility by removing a restrictive debt-leverage covenant over the next seven quarters and providing the company with immediate access with up to $15 million in additional liquidity. BIOS shares were up nearly 27% at $1.32 a share, staying within 4 cents of their session high.

SHARE

LEAVE A REPLY