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UPDATE: Jefferies Cuts PT to $19 on Almost Family on Medicare Changes

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Jefferies reiterated its Hold rating on Almost Family (NASDAQ: AFAM) and reduced its price target from $23.50 to $19.

Jefferies said, "We continue to have a neutral view on AFAM as the company is having to adapt to new headwinds from payment structure changes from Medicare Advantage payors, as well as ongoing volume challenges and scheduled Medicare rate cuts. Risk for incremental reimbursement pressure on home nursing providers such as AFAM also remains high as "fiscal cliff" discussions in DC have intensified the need for savings from the Medicare program."

Almost Family closed at $19.21 on Tuesday.

Latest Ratings for AFAM

DateFirmActionFromTo
Aug 2014JefferiesUpgradesHoldBuy
Dec 2013RBC CapitalUpgradesUnderperformSector Perform
Nov 2013Avondale PartnersUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for AFAM
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Posted-In: JefferiesAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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