Information Provided By:
Fly News Breaks for November 10, 2016
KND
Nov 10, 2016 | 07:58 EDT
RBC Capital analyst Frank Morgan downgraded Kindred after the company lowered its fiscal 2016 guidance. Morgan says that the guidance cut was caused by pressures on the company's SNF segment. Morgan adds that the company's planned exit from its SNF business, along with regulatory pressures, will produce "significant uncertainties and likely bumpiness." He thinks that the stock could rebound in the near-term, but he expects it to subsequently be "range-bound" for "the next year or so." Target to $9 from $16.
News For KND From the Last 2 Days
There are no results for your query KND