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Fly News Breaks for October 16, 2015
ENSG
Oct 16, 2015 | 07:19 EDT
Wells Fargo believes that the decline in Ensign's stock has been based on regulatory changes facing its industry. The firm says it's too early to determine the overall impact of regulatory changes on SNFs, as they could lose some patients to home health care but could gain other post acute patients. Wells adds that the regulatory changes could accelerate Ensign's acquisitions which have accelerated its growth. Wells is not concerned by the CEO's sale of shares. It keeps an Outperform rating.
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