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Fly News Breaks for October 25, 2019
DVA
Oct 25, 2019 | 09:31 EDT
Wolfe Research analyst Justin Lake downgraded DaVita to Peer Perform from Outperform and cut the price target to $57 from $64 citing regulatory and fundamental uncertainties. The analyst said in California the SEIU has filed a ballot measure for the 2020 election which could pressure dialysis economics in the state. Further, when combined with low visibility on both treatment growth and commercial price/mix, Lake believes uncertainties outweigh opportunities.
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