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Fly News Breaks for November 24, 2015
IPCM, TMH
Nov 24, 2015 | 07:23 EDT
Stephens analyst Dana Hambly noted that Team Health's acquisition of IPC Healthcare has not been generally well received by investors and he expects shares to be range bound as investors take a "wait and see" approach regarding the deal. However, he expects early evidence of the deal rationale to show in results in 2H16 and maintains an Overweight rating on Team Health shares. To account for the deal, Hambly lowered his price target on Team Health to $66 from $73.
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