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Fly News Breaks for April 28, 2017
ENSG
Apr 28, 2017 | 07:28 EDT
Wells Fargo analyst Ryan Halsted downgraded Ensign Group to Underperform citing "significant risk" from a proposed case-mix re-weighting of Medicare reimbursement to skilled nursing facilities. The analyst estimates the re-weighting could reduce Ensign's EBITDA by 15%-20%. He lowered his price target for the shares to $15-$17 from $17-$19.
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