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Fly News Breaks for October 18, 2016
CYH, AFAM
Oct 18, 2016 | 06:56 EDT
Jefferies analyst Brian Tanquilut says Almost Family's (AFAM) acquisition of Community Health's (CYH) home health assets is "very accretive" and not adequately reflected in the shares. The deal further shows Almost Family's low valuation, Tanquilut tells investors in a research note. He believes the stock is "meaningfully undervalued" and keeps a Buy rating on the name with a $58 price target.
News For AFAM;CYH From the Last 2 Days
CYH
Apr 25, 2024 | 09:47 EDT
CYH
Apr 25, 2024 | 07:41 EDT
Oppenheimer lowered the firm's price target on Community Health to $4.50 from $5.50 and keeps an Outperform rating on the shares following quarterly results. The firm notes Community Health maintained its 2024 outlook. Overall, at these levels, Oppenheimer continues to see attractive upside for long-term investors.
CYH
Apr 24, 2024 | 16:23 EDT
Reports Q1 revenue $3.14B, consensus $3.09B. On a same-store basis, admissions increased 3.8% and adjusted admissions increased 1.9%, compared to the same period in 2023. The company said, "We were pleased with our first quarter performance compared to both prior year and prior quarter. Progress was demonstrated on key operational and strategic priorities, and we remain focused on building further momentum as we pursue the opportunities available to us this year"
