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Fly News Breaks for February 19, 2019
AMN, CCRN
Feb 19, 2019 | 07:02 EDT
SunTrust analyst Tobey Sommer downgraded Cross Country Healthcare (CCRN) to Hold and lowered his price target to $10 from $12. The analyst notes that the turnaround plans of the new CEO's will require significant investment, even though he is "highly regarded" in creating shareholder value. Sommer also lowers Cross Country Healthcare revenue growth outlook for this year to -1% from +1% as the company has "chronically under-performed the healthcare staffing market", adding that his decision is independent of the disappointing results of AMN Healthcare's (AMN).
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