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Fly News Breaks for October 31, 2018
CYH
Oct 31, 2018 | 07:41 EDT
Cantor Fitzgerald analyst Joseph France lowered his price target for Community Health Systems to $4 citing reduced long-term growth expectations and a higher discount rate to account for a slower pace of debt reduction. The reported slightly higher than expected revenue and earnings , but the upside reflects delays in completing divestitures, because volumes are soft, France tells investors in a post-earnings research note. He keeps a Neutral rating on Community Health.
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