UPDATE: J.P. Morgan Initiates Coverage on Surgical Care Affiliates on Good Market Position

In a report published Monday, J.P. Morgan analyst Justin Lake initiated coverage on Surgical Care Affiliates (NASDAQ: SCAI ) with an Overweight rating and $34.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of Surgical Care Affiliates with an Overweight rating and a Dec-2014 price target