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MD

Mednax

$44.99

-0.11 (-0.24%)

10:59
06/23/18
06/23
10:59
06/23/18
10:59

Mednax shares may be at risk amid hospital fights, Barron's says

After peaking in 2015, Mednax shares have been facing pushback by payers, Bill Alpert writes in this week's edition of Barron's. Come July 1, Atrium Health will replace the local Mednax anesthesiology practice with another group of doctors and Mednax is not going quietly, placing adds warning that anesthesiologists were being cut from operating rooms, the publication notes, adding that the not-for-profit hospital system says it dropped Mednax because the company refused contract terms needed to contain medical costs. While Mednax is telling Wall Street the Carolina loss is not a big deal, its reaction on the ground suggests otherwise, Barron's contends. Reference Link

MD Mednax
$44.99

-0.11 (-0.24%)

05/02/18
RHCO
05/02/18
NO CHANGE
Target $50
RHCO
Hold
Mednax price target lowered to $50 from $58 at SunTrust
SunTrust analyst David MacDonald lowered his price target on Mednax after the company's Q1 revenue miss, saying that while the quarter saw improved volumes and progress on cost saving initiatives, the Q2 outlook was also below consensus. The analyst keeps his Hold rating and lowers his FY18 EPS view to $4.08 from $4.26.
03/27/18
03/27/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. TE Connectivity (TEL) initiated with an Outperform at Oppenheimer. 2. Altice USA (ATUS) initiated with an Outperform at Cowen. 3. Quidel (QDEL) initiated with a Buy at Craig-Hallum. 4. Mednax (MD) initiated with a Neutral at Credit Suisse. 5. Regency Centers (REG) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/18
FBCO
03/27/18
INITIATION
Target $57
FBCO
Neutral
Mednax initiated with a Neutral at Credit Suisse
Credit Suisse analyst A.J. Rice started Mednax with a Neutral rating and $57 price target as he believes takeout is reflected in current valuation of this physician outsourcer.
03/15/18
JEFF
03/15/18
NO CHANGE
Target $58
JEFF
Hold
Mednax takeout likely not be above $62 per share, says Jefferies
Jefferies analyst Brian Tanquilut revisited his leveraged buyout model to account for tax reform and recent trends in the business after press reports suggested that initial bids to acquire Mednax were submitted recently by at least one private equity firm. The analyst concludes that for private equity sponsors to realize a 12.5% internal rate of return, Mednax's takeout price cannot be above $62 per share. This suggests on fairly modest upside from current levels, Tanquilut tells investors in a research note. He keeps a Hold rating on Mednax and raised his price target for the shares to $58 from $54.

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