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Fly News Breaks for March 19, 2018
AMED
Mar 19, 2018 | 07:33 EDT
As reported earlier, RBC Capital analyst Frank Morgan upgraded Amedisys to Outperform from Sector Perform and raised his price target to $73 from $62. Morgan notes that Amedisys is fine-tuning its operations to maximize its sales growth and improving visibility by providing annual guidance for the first time since 2013. The analyst is also positive on the company's position within the industry that is undergoing consolidation through M&A, as its under-levered balance sheet would allow for external growth - "most likely" in the Hospice segment.
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AMED
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