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UPDATE: Jefferies Downgrades HealthSouth Corporation to Hold on Regulatory Headwinds

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Benzinga's Top Upgrades, Downgrades For August 31, 2017
Earnings Scheduled For July 31, 2017

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
Aug 2017Stephens & Co.Initiates Coverage OnOverweight
Jun 2017KeyBancInitiates Coverage OnSector Weight
Feb 2017Craig-HallumInitiates Coverage OnBuy

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Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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