Market Overview

UPDATE: RBC Capital Markets Downgrades LHC Group Ahead of Medicare Home Health Rebasing

Related LHCG
Benzinga's Top Initiations
Top Performing Industries For August 31, 2015

In a report published Monday, RBC Capital Markets analyst Frank G. Morgan downgraded the rating on LHC Group (NASDAQ: LHCG) from Sector Perform to Underperform, and lowered the price target from $20.00 to $17.00.

In the report, RBC Capital Markets noted, “We do not believe the market is adequately pricing in Home Health earnings downside from the forthcoming rebasing, and we are lowering our outlook for the segment. Note that Home Health stocks are up an average 11.5% since immediately prior to the proposed rule release, including LHCG up 0.8%.”

LHC Group closed on Friday at $22.71.

Latest Ratings for LHCG

Sep 2015Wells FargoInitiates Coverage onOutperform
Aug 2015OppenheimerMaintainsOutperform
Feb 2015Credit SuisseMaintainsOutperform

View More Analyst Ratings for LHCG
View the Latest Analyst Ratings

Posted-In: Frank G. Morgan RBC Capital MarketsAnalyst Color Downgrades Analyst Ratings


Related Articles (LHCG)

View Comments and Join the Discussion!

Get Benzinga's Newsletters