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Fly News Breaks for November 14, 2019
CYH
Nov 14, 2019 | 07:32 EDT
RBC Capital analyst Frank Morgan assigned a Sector Perform rating to Community Health vs. "Not Assigned" previously, also lowering his price target to $4 from $5. The analyst notes that while the company's operating metrics have improved further in Q3, he remains concerned with its "very high" leverage and maturity profile. Morgan concludes that it is "hard to see much upside" on Community Health, absent a decline in leverage and progress on 2023 maturities.
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