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Fly News Breaks for May 13, 2019
QHC
May 13, 2019 | 06:42 EDT
RBC Capital analyst Frank Morgan lowered his price target on Quorum Health to $2 after its Q1 earnings miss that was driven by softer than expected volumes, even though the analyst believes that the volume disruptions have normalized this quarter. The analyst calls the Q1 miss disappointing, but also notes that contributions from the company's "new opportunities" not reflected in the original guidance have allowed Quorum Health Management to maintain its outlook. Morgan keeps his Sector Perform rating on the shares.
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