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Fly News Breaks for February 24, 2016
TMH
Feb 24, 2016 | 08:21 EDT
Stephens analyst Dana Hambly said Team Health appears to have averted "disaster" by giving guidance that was "comfortably within" consensus expectations and added that its cost initiatives look to have taken some hold in Q4. While IPC and leverage concerns will likely weigh on shares in the near-term, there should be better clarity into the strategic rationale for its deal by the second half of the year, said Hambly, who keeps an Overweight rating and $48 price target on Team Health shares.
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