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UPDATE: Jefferies Downgrades HealthSouth Corporation to Hold on Regulatory Headwinds

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Jefferies lowered its HealthSouth Corporation (NYSE: HLS) rating from Buy to Hold and reduced its price target from $25 to $23.

Jefferies noted, "HLS's strong Q2 performance and raised guidance was impressive, but we recommend taking advantage of stock strength to lighten long positions, fearing that IRF reimbursement could get greater scrutiny later this year when legislators look for funding offsets to another doc fix and deficit reduction."

HealthSouth Corporation closed at $22.93 on Thursday.

Latest Ratings for HLS

DateFirmActionFromTo
Jan 2017PiperJaffrayInitiates Coverage OnNeutral
Nov 2016MizuhoDowngradesBuyNeutral
Aug 2016SunTrust Robinson HumphreyMaintainsBuy

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Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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