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Fly News Breaks for May 4, 2016
QHC, CYH
May 4, 2016 | 08:08 EDT
Leerink upgraded Community Health (CYH) to Outperform from Market Perform on lower expectations and leverage. Analyst Ana Gupte says the company missed and guided down in Q1, but expectations have become "more realistic." The analyst sees the mid-point of guidance to be achievable and expects the leverage ratio to go down with the proceeds of Quorum Health (QHC) spin out and sale of assets used to de-lever. Gupte raised her price target on Community Health's shares to $21 from $20.
News For CYH;QHC From the Last 2 Days
CYH
Apr 24, 2024 | 16:23 EDT
Reports Q1 revenue $3.14B, consensus $3.09B. On a same-store basis, admissions increased 3.8% and adjusted admissions increased 1.9%, compared to the same period in 2023. The company said, "We were pleased with our first quarter performance compared to both prior year and prior quarter. Progress was demonstrated on key operational and strategic priorities, and we remain focused on building further momentum as we pursue the opportunities available to us this year"
