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Fly News Breaks for June 28, 2016
ACHC
Jun 28, 2016 | 08:02 EDT
Leerink analyst Ana Gupte believes Managed Care Organizations will be immune from Brexit, as they are macro defensive with minimal earnings exposure. However, the analyst notes that Acadia Healthcare is the "most exposed" to the U.K. among the Managed Care names in her coverage, but says she expects modest EBITDA downside at about 4% for fiscal year 2017. Gupte recommends Acadia as a buying opportunity amid the stock's sell-off. Leerink has an Outperform rating on the shares.