-- (Updates with the stock price movement and upgrade in the headline and first paragraph.)
DaVita (DVA) shares rose 22% in Wednesday trading after Deutsche Bank upgraded the stock to buy from hold and boosted its price target to $220 from $126, a day after the company reported better-than-expected Q1 results.
DaVita's adjusted earnings rose to $2.87 per diluted share from $2 a year earlier.
Analysts polled by FactSet expected $2.33.
Revenue in the three months ended March 31 rose to $3.42 billion from $3.22 billion a year earlier.
Analysts surveyed by FactSet expected $3.36 billion.
The company boosted full-year guidance for adjusted EPS from continuing operations to the range of $14.10 to $15.20 from the prior forecast of $13.60 to $15.
Price: $191.63, Change: $+34.59, Percent Change: +22.02%