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Fly News Breaks for December 20, 2016
ACHC
Dec 20, 2016 | 07:31 EDT
Jefferies analyst Brian Tanquilut says that while Acadia Healthcare's U.K. business dragged the stock down in 2016, the market is a longer-term growth driver for the company. He believes the U.K. will help Acadia double revenue and deliver 20% annual earnings growth between now and 2020. He also believes the stock could double between now and 2020. Tanquilut views the stock as attractively valued and he keeps a Buy rating on Acadia with a $55 price target.
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