Adeptus Health (ADPT): Cutting PT After CEO Exit - Jefferies

September 8, 2016 7:47 AM EDT
Get Alerts ADPT Hot Sheet
Price: $7.97 -0.5%

Rating Summary:
    6 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies analyst, Brian Tanquilut, reiterated his Buy rating on shares of Adeptus Health (NYSE: ADPT) after the retirement of ADPT's CEO forced, what he believes to be an overreaction in the share price. He believes the sell off was predicated on the expectation for a guidance cut combined with high short interest.

That said, he cut the price target to $77 from $100 but believes in the long term story.

For an analyst ratings summary and ratings history on Adeptus Health click here. For more ratings news on Adeptus Health click here.

Shares of Adeptus Health closed at $35.70 yesterday.

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