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Fly News Breaks for March 3, 2020
SGRY
Mar 3, 2020 | 07:16 EDT
As previously reported, Benchmark analyst Bill Sutherland downgraded Surgery Partners to Hold from Buy. He sees rising uncertainties around surgery volumes, especially for discretionary and less urgent surgeries, if U.S. coronavirus cases move much higher. Absent the coronavirus, he had considered his 2.1% same-facility case growth assumption a "base case," but "now we're not so sure," said Sutherland, who also noted that the stock has had a strong run since mid-2019.
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