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Fly News Breaks for August 1, 2018
ACHC
Aug 1, 2018 | 07:58 EDT
Leerink analyst Ana Gupte lowered her price target for Acadia to $42 from $44, while reiterating a Market Perform rating on the shares. Nonetheless, the analyst views the 8% selloff as overdone after U.S. trends were below expectations with beds adds expected to ramp in 2H18-2019, while the U.K. showed continued turnaround with the potential for a dilutive share raise from a larger acquisition this year.