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Fly News Breaks for September 12, 2016
LHCG
Sep 12, 2016 | 07:24 EDT
Oppenheimer analyst Michael Wiederhorn lowered his price target for LHC Group to $46 from $50, citing the potential headwind from the proposed home health reimbursement cuts, which appear to be larger than initial expectations. Nonetheless, the analyst continues to believe the company is well-positioned for growth, while the M&A opportunity remains compelling. He reiterates an Outperform rating on the shares.
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