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Fly News Breaks for October 22, 2015
THC
Oct 22, 2015 | 06:46 EDT
Mizuho downgraded Tenet (THC) to Neutral and lowered its price target to $30 from $68 on shares. Analyst Sheryl Skolnick reduced estimates on the heels of Community Health's (CYH) and HCA's (HCA) margin and volume woes and still expects Tenet to have positive volumes but at lower margins. Skolnick expects the Hospital sector to be dead money until visible catalysts appear given Hilary Clinton/election year headline risk and the death of the reform benefit.
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