Citi Initiates Coverage on Skilled Healthcare Group (SKH) with a Sell
More News related to SKH
- Stifel Nicolaus Starts Skilled Healthcare (SKH) at Hold
- Skilled Healthcare to Present at the 2008 Credit Suisse Annual Healthcare Conference
- Skilled Healthcare (SKH) Tops Q3 EPS by 1c, Guides In-line for FY
- Skilled Healthcare Group Reports Third Quarter 2008 Results
- Skilled Healthcare to Announce 2008 Third Quarter Results
More News related to New Coverage
- Citi Initiates Coverage on US Soft Drink Makers
- William Blair Initiates Coverage on Data Networking Stocks
- Caris Starts Coverage on Ariba (ARBA), Concur (CNQR), salesforce.com (CRM), Taleo (TLEO)
- Oppenheimer Initiates Coverage on ViroPharma (VPHM)
- Oppenheimer Initiates Coverage on Cadence Pharmaceuticals (CADX) with an Outperform
Citi initiates coverage on Skilled Healthcare Group (NYSE: SKH) with a Sell. Price target $11.
Citi analyst says, "We expect SKH shares to underperform over the next 12 months primarily due to increasing investor concerns regarding Medicare reimbursement risk. The stock is trading 30% below its 52-week high as investors have become concerned about the possibility of Medicare reimbursement cuts included in the president's February budget, but we are more concerned about the reimbursement risk that investors aren't worried about yet, the risk of a material RUG refinement. Indeed, this has been our worst nightmare for the nursing homes stocks since our CMS visit last spring - although we admit the timing of this risk has accelerated meaningfully."
Skilled Healthcare Group, Inc. is a provider of integrated healthcare services through its skilled nursing facilities and rehabilitation therapy business. [SM]
Related Categories
New CoverageStocks Mentioned
+0.48Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
