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Fly News Breaks for May 13, 2019
LHCG
May 13, 2019 | 09:24 EDT
RBC Capital analyst Frank Morgan raised his price target on LHC Group to $130 and kept his Outperform rating after its "solid" Q1 results and raised FY19 guidance. The analyst cites the company's ongoing organic volume growth in home health and hospice along with synergy capture from Almost Family proceeding ahead of schedule, with the merger creating "the largest independent provider of in-home services" in the market. Morgan believes that LHC Group is well positioned to produce strong earnings growth for the next few years.
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