Fly News Breaks for March 14, 2016
AMSG, TMH
Mar 14, 2016 | 06:42 EDT
JPMorgan analyst Gary Taylor downgraded Team Health (TMH) to Neutral following the recent rally in the shares. Investors believe the presence of an activist could revive acquisition overtures from AmSurg (AMSG) or others, Taylor tells investors in a research note. He is skeptical of Team Health takeover interest in the near-term and is concerned that the company's 2016 guidance could be too aggressive. The analyst has a $47 price target for the shares.
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