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Fly News Breaks for November 17, 2017
AFAM, LHCG
Nov 17, 2017 | 06:42 EDT
Oppenheimer analyst Michael Wiederhorn raised his price target for LHC Group (LHCG) to $85 saying the merger with Almost Family (AFAM) is "highly favorable" given its strategic and financial benefits. The analyst continues to be a buyer of the shares at current levels. He notes that the all-stock nature of the transaction preserves LHC's balance sheet for additional acquisition opportunities going forward. Wiederhorn keeps an Outperform rating on the shares.
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