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Fly News Breaks for November 18, 2015
ADPT
Nov 18, 2015 | 07:13 EDT
Jefferies analyst Brian Tanquilut views yesterday's selloff 22% selloff in shares of Adeptus Health as unwarranted. The article questioning the freestanding emergency department model and pricing since did not present anything not yet factored into the share price, Tanquilut tells investors in a research note. Adeptus's joint ventures with hospitals de-risk the story and shield it from payor pressure, the analyst contends. He keeps a Buy rating on the stock with a $135 price target.
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