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Fly News Breaks for February 26, 2018
LPNT
Feb 26, 2018 | 08:26 EDT
SunTrust analyst David MacDonald lowered his price target on LifePoint to $44 after the company's mixed Q4 results, with in-line EBITDA, "solid" cash flows" and "tepid" FY18 guidance. The analyst also points to high operational costs around "doc subsidies, outsourced support, and IT systems" that are expected to weigh on earnings this year, adding that a "sluggish" volume environment and "flattish" EBITDA further justify his Hold rating.
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