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Fly News Breaks for March 9, 2017
ARA
Mar 9, 2017 | 06:55 EDT
Wells Fargo analyst Gary Lieberman downgraded American Renal Associates to Market Perform from Outperform saying the company's 2017 is uncertain. Management said there could be additional pressure on commercial contracts while the lack of EBITDA guidance is a concern, Lieberman tells investors in a research note. He lowered his price target range for the shares to $17-$19 from $22-$26.
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