Wells Fargo Downgrades Sun Healthcare Group (SUNH) to Market Perform; Skilled Nursing Industry Pricing Instability Likely To Continue
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Price: $8.51 --0%
Rating Summary:
0 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
0 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade SUNH Now!
Wells Fargo downgraded Sun Healthcare Group (NASDAQ: SUNH) from Outperform to Market Perform. Valuation range slashed to $8-9 from $15-18.
Wells analyst says, "We are reducing our 2011E and 2012E EPS for Sun to $1.17 and $0.81 from $1.35 and $1.54, respectively. For shares of Kindred Healthcare, we have lowered our 2011E and 2012E EPS to $1.86 and $1.66 from $2.04 and $2.29, respectively. We have lower our valuation range for shares of KND to $20-23 from $25-29 and maintain our Market Perform rating. While some of the reimbursement risk is already reflected in the stocks we believe it could take more than one year for the industry to return to a stable pricing environment."
For more ratings news on Sun Healthcare Group click here and for the rating history of Sun Healthcare Group click here.
Shares of Sun Healthcare Group closed at $8.59 yesterday, with a 52 week range of $6.68-$15.01.
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Wells analyst says, "We are reducing our 2011E and 2012E EPS for Sun to $1.17 and $0.81 from $1.35 and $1.54, respectively. For shares of Kindred Healthcare, we have lowered our 2011E and 2012E EPS to $1.86 and $1.66 from $2.04 and $2.29, respectively. We have lower our valuation range for shares of KND to $20-23 from $25-29 and maintain our Market Perform rating. While some of the reimbursement risk is already reflected in the stocks we believe it could take more than one year for the industry to return to a stable pricing environment."
For more ratings news on Sun Healthcare Group click here and for the rating history of Sun Healthcare Group click here.
Shares of Sun Healthcare Group closed at $8.59 yesterday, with a 52 week range of $6.68-$15.01.
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Sun Healthcare (SUNH)
It's very possible an indictment of the former CEO by the Orange County District Attorney for obstruction of justice and criminal acts against me in a wrongful death lawsuit of my mother, Evelyn Calvert, where we could prove his willful misconduct may be near.
www.sunhealthcaregroupinc.blogspot.com
Deb Calvert, Newport Beach, Calif
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Sun Healthcare (SUNH)
Deb Calvert on Jul 8, 2011 02:04 PMMark as Spam | Reply to this comment
It's very possible an indictment of the former CEO by the Orange County District Attorney for obstruction of justice and criminal acts against me in a wrongful death lawsuit of my mother, Evelyn Calvert, where we could prove his willful misconduct may be near.
www.sunhealthcaregroupinc.blogspot.com
Deb Calvert, Newport Beach, Calif