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Fly News Breaks for August 1, 2018
ACHC
Aug 1, 2018 | 07:56 EDT
As reported earlier, BMO Capital analyst Matt Borsch downgraded Acadia to Market Perform from Outperform and lowered his price target to $40 from $45. The analyst cites risks to the company's strong U.S. business that "may include pressure on length of stay from managed care as well as labor/wage cost pressure". Borsch is also concered with Acadia's U.K. industry dynamics, which he expects to remain "challenging" and weighed down by volume and business mix.
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