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Fly News Breaks for February 20, 2020
CYH
Feb 20, 2020 | 07:39 EDT
Raymond James analyst John Ransom upgraded Community Health to Market Perform from Underperform following the company's Q4 results that were handily ahead of consensus estimates, with net debt decreasing sequentially by $258M. Ransom tells investors in a research note that even if he still has questions on what the true equity value of the entity is, he is upgrading the stock on the simple thinking that when things get better, stocks go up, not down. Even if the business is just treading water, the stock is unlikely to see appreciable downside in the near-term, Ransom says.