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Fly News Breaks for September 12, 2019
RCM
Sep 12, 2019 | 08:42 EDT
Baird analyst Matthew Gillmor added R1 RCM as a positive Fresh Pick following its recent roughly 20% decline from recent highs. The analyst said the decline was driven by mostly non-fundamental issues and believes several catalysts over the next few months could push the shares higher. He said R1 RCM remains one of the more attractive stories within HCIT, underpinned by a large growth opportunity, ramping margins, and attractive valuation. Gillmor reiterated his Outperform rating and $14 price target on R1 RCM shares.
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