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Fly News Breaks for May 4, 2016
CYH
May 4, 2016 | 07:54 EDT
Oppenheimer analyst Michael Wiederhorn lowered his price target for Community Health to $26 from $35 following Q1 results. Management is committed to capital discipline as it looks to meet its obligations in the coming years, which will remain a painful process, the analyst tells investors in a research note, but adding that he sees the market's assumption of default as unwarranted. Wiederhorn reiterates an Outperform rating on the shares.
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