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Fly News Breaks for August 22, 2017
RDNT
Aug 22, 2017 | 06:41 EDT
Jefferies analyst Brian Tanqullut upgraded RadNet to Buy and increased its price target to $12 from $7 saying balance sheet deleveraging is in sight following the proposed debt refinancing, which should boost free cash flow by 7%. Tanqullut adds improving commercial rates adn stable Medicare reimbursement in 2018 will allow for further margin expansion and the outlook for same-store-sales remains positive.
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