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UPDATE: Jefferies Raises PT to $10 on Amedisys, Maintains Neutral on Reimbursement Uncertainty

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Benzinga's Top Upgrades, Downgrades For May 3, 2017
Earnings Scheduled For February 28, 2017

Jefferies maintained Amedisys (NASDAQ: AMED) with a Hold and raised the price target from $9.00 to $10.00.

Jefferies analyst Brian Tanquilut wrote, "We continue to have a cautious view on AMED given our belief that ongoing budget discussions in DC could yield incremental rate cuts for home nursing providers such as AMED. Additionally, we are concerned that ongoing volume pressure (from persistent weakness in recertifications) will impact AMED's ability to offset upcoming rate cuts and drive LT EPS growth."

Amedisys closed at $11.19 on Wednesday.

Latest Ratings for AMED

DateFirmActionFromTo
May 2017MizuhoUpgradesNeutralBuy
Jan 2017BenchmarkInitiates Coverage OnHold
Dec 2016Craig-HallumInitiates Coverage OnBuy

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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