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CYH

Community Health

$10.46

0.21 (2.05%)

, QHC

Quorum Health

07:12
10/13/16
10/13
07:12
10/13/16
07:12

Investor seeks investigation into Community Health recent spinoff, WSJ reports

Community Health (CYH) has come under fire from an investor, who is seeking an investigation into the recent spinoff by the embattled hospital chain, according to The Wall Street Journal. Q Investments LP sent a letter to Quorum Health (QHC), the chain of 38 hospitals that Community Health spun off, asking it to investigate whether Community Health concealed costs as it prepared the spinoff to enable it to extract more cash from the transaction, the publication said. Reference Link

CYH

Community Health

$10.46

0.21 (2.05%)

QHC

Quorum Health

  • 06

    Nov

CYH Community Health
$10.46

0.21 (2.05%)

09/14/16
SUSQ
09/14/16
UPGRADE
SUSQ
Positive
Community Health upgraded to Positive from Neutral at Susquehanna
09/14/16
SUSQ
09/14/16
UPGRADE
Target $18
SUSQ
Positive
Community Health upgraded to Positive at Susquehanna
As reported previously, Susquehanna analyst Chris Rigg upgraded Community Health to Positive from Neutral. The analyst cited its potential divestitures of properties that currently generate negative or low margins along with its risk/reward profile. Rigg raised his price target to $18 from $11 on Community Health shares.
09/19/16
SBSH
09/19/16
NO CHANGE
Target $14
SBSH
Neutral
Citi sees low probability of Community Health sale
After Bloomberg reported, and the company just confirmed, that Community Health Systems is exploring its options, Citi analyst Ralph Giacobbe says he sees a low probability of an outright sale. The analyst is hard-pressed to find a buyer given the company's "weak operating trends and already high leverage."Community Health is likely to try selling assets to de-lever, Giacobbe tells investors in a research note. He keeps a Neutral rating on the shares with a $14 price target.
09/19/16
BOFA
09/19/16
NO CHANGE
Target $10
BOFA
Underperform
BofA/Merrill thoughts on Community Health exploring strategic alternatives
According to Bloomberg, Community Health is exploring strategic options, including a potential sale of the company. BofA/Merrill analyst Kevin Fischbeck does not view public companies as a good strategic fit for Community Health as many are focused on larger urban hospitals or prefer smaller deals. Fischbeck said other options include a private equity acquisition, a sale-leaseback to a REIT, or combination of the two. The analyst said Community Health's fundamentals have been weak, which is the biggest factor in doing a deal now as it be hard to lever company or do a sales/leaseback without better visibility into cash flows. Fischback rates Community Health an Underperform with a $10 price target.
QHC Quorum Health

07/29/16
FBCO
07/29/16
INITIATION
Target $12
FBCO
Neutral
Quorum Health initiated with a Neutral at Credit Suisse
Credit Suisse analyst Scott Fidel initiated Quorum Health with a Neutral and $12 price target due to high leverage limits that limit growth and relative valuation.
07/29/16
07/29/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Ball Corp. (BLL) resumed with a Neutral at Citi. 2. Community Health (CYH) initiated with a Neutral at Credit Suisse. 3. Quorum Health (QHC) initiated with a Neutral at Credit Suisse. 4. Western Gas Equity (WGP) and Western Gas Partners (WEP) initiated with a Buy at Janney Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/11/16
UBSW
08/11/16
DOWNGRADE
Target $5.5
UBSW
Sell
Quorum Health downgraded to Sell from Neutral at UBS
UBS analyst A.J. Rice downgraded Quorum Health to Sell saying the company's earnings power is "much less than thought" after its Q2 results missed expectations. Quorum deserves a valuation discount to hospital peers as its operating momentum and portfolio rationalization will take time to materialize, Rice tells investors in a research note. He cut his price target for the shares to $5.50 from $14.
08/11/16
08/11/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wendy's (WEN) downgraded to Buy from Conviction Buy at Goldman with analyst Karen Holthouse citing execution risk and the potential for additional fiscal 2016 same-store sales guidance reductions. 2. Bristol-Myers (BMY) downgraded to Hold from Buy at Berenberg. 3. Public Storage (PSA) downgraded to Neutral from Buy at BofA/Merrill with analyst Jeffery Spector citing valuation and increasing concessions in weaker markets. 4. Lam Research (LRCX) downgraded to Neutral from Buy at Nomura with analyst Romit Shah citing the extended timeline for its merger with KLA-Tencor (KLAC) after the Department of Justice requested more information. 5. Quorum Health (QHC) downgraded to Sell from Neutral at UBS with analyst A.J. Rice saying the company's earnings power is "much less than thought" after its second quarter results missed expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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INCY

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$102.02

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, PFE

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$31.63

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AGIO

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ALNY

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ALXN

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NVS

Novartis

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