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Fly News Breaks for February 24, 2020
SEM
Feb 24, 2020 | 08:20 EDT
RBC Capital analyst Frank Morgan raised his price target on Select Medical to $32 and kept his Outperform rating after its "strong beat" on Q4 earnings. The analyst says that all 4 of the company's segments had top-line growth and margin expansion, while noting that its revenue growth forecast of 2%-4% in FY20 could also prove to be "conservative". Morgan is positive on the company's competitive position and relatively stable operating environment for its LTAC and IRF businesses.
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