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Fly News Breaks for May 17, 2016
LHCG
May 17, 2016 | 07:25 EDT
Oppenheimer analyst Michael Wiederhorn says he continues to be a buyer of LHC Group's stock following meetings with the company's management team. The analyst believes LHC Group is "well-positioned" for growth as it takes advantage of an under-levered balance sheet and a robust M&A pipeline. Additionally, its organic growth was 8.1% in Q1, the company's highest quarterly level since 2010, Wiederhorn tells investors in a research note. The analyst reiterates an Outperform rating and $50 price target on the shares.
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