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Fly News Breaks for May 24, 2016
CYH
May 24, 2016 | 08:08 EDT
As previously reported, Morgan Stanley downgraded Community Health to Underweight from Equal Weight with a $15 price target on shares. Analysts led by Andrew Schenker lowered estimates below consensus to reflect near-term earnings risk as updated guidance assumes significant improvements in the base business over Q1 and below average organic growth opportunities. Schenker continued, analysis indicates Community Health has been losing share in their markets and is positioned in markets that are less aligned for growth.
News For CYH From the Last 2 Days
CYH
Apr 25, 2024 | 09:47 EDT
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"
