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Fly News Breaks for October 19, 2016
CYH, AFAM
Oct 19, 2016 | 09:35 EDT
RBC Capital analyst Frank Morgan upgraded Almost Family (AFAM) to Outperform from Sector Perform saying the acquisition of Community Health Systems' (CYH) home health care business is a "transformative event" for the company. The deal "significantly" expands Almost Family's geographic footprint while providing a long-term growth opportunity to expand into more of Community Health's markets, Morgan tells investors in a research note. He upped his price target for the shares to $55 from $48.
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