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Fly News Breaks for September 8, 2016
ADPT
Sep 8, 2016 | 07:37 EDT
Jefferies analyst Brian Tanquilut says that while he was surprised by the retirement of Adeptus Health's CEO, yesterday's share selloff was an overreaction given the heavy short interest and expectations of a potential guidance cut. The company's fundamental story of "sizable" government pay opportunity and "robust" new facility openings in new and existing markets remains intact, the analyst tells investors in a research note. Tanquilut lowered his price target for Adeptus shares to $77 from $100 and keeps a Buy rating on the name.
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