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Fly News Breaks for July 26, 2019
DVA
Jul 26, 2019 | 09:29 EDT
As reported previously, Baird analyst Matthew Gillmor downgraded DaVita to Neutral from Outperform as key catalysts that supported his thesis have played out, including stock buybacks and the DMG sale. Despite a discount valuation, fundamentals are slowing and there are a lot of regulatory and reimbursement uncertainties facing the company. Gillmor lowered his price target to $65 from $70 on DaVita shares.
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