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Fly News Breaks for June 16, 2016
AMSG
Jun 16, 2016 | 07:47 EDT
BofA/Merrill analyst Kevin Fischbeck upgraded AmSurg (AMSG) two notches to Buy from Underperform and increased its price target to $104 from $83. The analyst said the Envision Healthcare (EVHC) acquisition increases AmSurg's scale in a high growth, high ROI business, will be accretive by double digits, valuation did not come at much of a premium, and PF leverage is lower than expected , leaving additional capital deployment.
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