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Fly News Breaks for March 10, 2017
LHCG
Mar 10, 2017 | 06:28 EDT
SunTrust analyst David MacDonald upgraded LHC Group (LHCG) to Buy and raised its target price to $56 from $50 following strong Q4 results and in-line 2017 guidance. MacDonald said robust organic trends are being driven by leading industry organic growth and quality ratings combined with increased case mix. The analyst also commented that the LifePoint (LPNT) joint-venture is an attractive opportunity that should grow more accretion overtime and the balance sheet is under-levered in a highly fragmented industry.
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