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Fly News Breaks for June 1, 2017
ACHC
Jun 1, 2017 | 06:56 EDT
Jefferies analyst Brian Tanquilut calls Acadia Healthcare a growth stock with a "cheap" valuation and says the company remains one of his top picks. Acadia remains poised to deliver 15%-20% annual earnings growth over the next few years, Tanquilut tells investors in a research note. He believes concerns about the achievability of Q2 earnings and supposed commercial insurance pressure on length of stay are unfounded. The analyst reiterates a Buy rating on the shares with a $55 price target.