Jefferies Downgrades AmSurg (AMSG) to Hold; Serious Concerns

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Jefferies downgraded AmSurg (NASDAQ: AMSG) from Buy to Hold with a price target of $27.00 (from $31.00).

Analyst, Arthur Henderson, said, "We have serious concerns about AMSG's ability to hold its expensive 9x EBITDA multiple without a guidance raise in the face of a dimming economic backdrop and end-of-year uncertainties (the election, fiscal cliff, Medicare doc fix, etc.). For that reason, we are downgrading this stock."

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

Shares of AmSurg closed at $29.70 yesterday, with a 52 week range of $19.08-$32.17.

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