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Fly News Breaks for September 8, 2016
ADPT
Sep 8, 2016 | 08:34 EDT
After Adeptus' stock tumbled 18% following the company's announcement of its CEO's retirement, KeyBanc thinks that the company's long-term growth outlook remains positive. The firm believes that the shares are "pricing in an overly bearish outlook," and it thinks that several positive catalysts should boost its results in 2H16. KeyBanc cut its price target on the shares to $59 from $67 but keeps an Overweight rating on the name.
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