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Fly News Breaks for October 2, 2018
CCRN
Oct 2, 2018 | 16:15 EDT
Stephens analyst Jacob Johnson initiated Cross Country Healthcare with an Equal Weight rating and a price target of $11. The analyst notes that while consensus underestimates the underlying potential earnings power of the company, expectations have come down as a result of the recent stalling out of margin expansion that forced the company to focus on cost savings and operational alignment. Johnson still sees Cross Country Heathcare as a potential 'catch up trade" if it can deliver on its margin targets.
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