Mizuho Securities Upgrades Community Health (CYH) to Neutral

August 11, 2016 4:59 PM EDT
Get Alerts CYH Hot Sheet
Price: $10.37 -0.96%

Rating Summary:
    8 Buy, 20 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Mizuho Securities upgraded Community Health (NYSE: CYH) from Underperform to Neutral with a price target of $10.50.

Analyst Sheryl Skolnick commented ,"With CYH down in sympathy (if not correlation) with QHC today, we are taking the opportunity to signal to investors that we think CYH shares now reflect a more appropriate multiple given the risks and are upgrading to Neutral. There is no fundamental change, in our view, just valuation. With few likely catalysts between here and earnings, we see reduced likelihood of another 10% downside in the short term. But make no mistake, we see even less reason for upside. Rating to Neutral, reiterate $10.50 target and estimates."

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

Shares of Community Health closed at $11.44 yesterday.

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