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Fly News Breaks for February 16, 2016
WEB, BTU, CS, CYH, NGD, GG, FSM
Feb 16, 2016 | 10:08 EDT
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Community Health (CYH) downgraded to Underperform at Mizuho and to Hold at Jefferies after the company missed Q4 earnings expectations. Mizuho said Community Health's negative free cash flow and $169M accounts receivable write-off increases concerns about 2016. 2. Fortuna Silver Mines (FSM), Goldcorp (GG), and New Gold (NGD) downgraded to Hold at Canaccord due to recent share price strength. 3. Credit Suisse (CS) downgraded to Neutral at JPMorgan after analyst Kian Abouhossein cited "negative operating leverage" in the current environment. 4. Peabody (BTU) downgraded to Underweight at BB&T, as analyst Mark Levin sees the probability of a bankruptcy filing to be greater than 50/50 given accelerating cash burn and burdensome debt load. 5. Web.com (WEB) downgraded to Hold at Deutsche Bank, after the firm said the Yodle acquisition brings new execution risks without much profitability. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For FSM;GG;NGD;CYH;CS;BTU;WEB From the Last 2 Days
CYH
Apr 24, 2024 | 16:23 EDT
Reports Q1 revenue $3.14B, consensus $3.09B. On a same-store basis, admissions increased 3.8% and adjusted admissions increased 1.9%, compared to the same period in 2023. The company said, "We were pleased with our first quarter performance compared to both prior year and prior quarter. Progress was demonstrated on key operational and strategic priorities, and we remain focused on building further momentum as we pursue the opportunities available to us this year"