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

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Worst Performing Industries For May 10, 2016
Earnings Scheduled For March 2, 2016

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

DateFirmActionFromTo
Jun 2016Stephens & Co.Initiates Coverage onOverweight
Feb 2016SunTrust Robinson HumphreyMaintainsNeutral
Feb 2016JefferiesInitiates Coverage onBuy

View More Analyst Ratings for LHCG
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Posted-In: Frank G. Morgan RBC Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

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