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Fly News Breaks for February 16, 2016
CYH
Feb 16, 2016 | 06:32 EDT
Mizuho analyst Sheryl Skolnick downgraded Community Health to Underperform and lowered her price target to $14.40 from $21 on shares. The analyst said Q4's negative free cash flow and $169M accounts receivable write-off increases concerns about 2016. Skolnick said the company has to grow volumes, collect cash, and turn HMA, which it hasn't been able to do consistently, leading her to be below 2016 guidance and also raising concerns about a downgrade in the credit rating.
News For CYH From the Last 2 Days
CYH
Apr 25, 2024 | 07:41 EDT
Oppenheimer lowered the firm's price target on Community Health to $4.50 from $5.50 and keeps an Outperform rating on the shares following quarterly results. The firm notes Community Health maintained its 2024 outlook. Overall, at these levels, Oppenheimer continues to see attractive upside for long-term investors.
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"