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Goldman Sachs Downgrades Healthways Inc. (HWAY) to Sell

June 29, 2009 7:26 AM EDT
HWAY Hot Sheet
Rating Summary:
    3 Buy, 6 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 12 | New: 36

Goldman Sachs downgrades Healthways Inc. (Nasdaq: HWAY) from Neutral to Sell but raises their price target from $9 to $10, which still suggest 31% downside to the current market price.

The firm cites several challenges including in-sourcing risk from national health plan clients and pricing pressure due to the economy among other things.

Healthways, Inc. provides specialized Health and Care Support solutions.


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