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Fly News Breaks for October 20, 2016
ACHC
Oct 20, 2016 | 07:54 EDT
Baird analyst Whit Mayo lowered his price target on Acadia to $55 from $66. The analyst noted the stock was weak recently on growing anxiety, currency headwinds, and concerns around the CMA approval. Mayo feels the sale of 22 of its U.K. facilities de-risks the stock and removes a key pain point and believes any bad news is already priced into the shares. Mayo maintained his Outperform rating on Acadia.
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