Soleil Securities Initiates Coverage on Kindred Healthcare (KND) with a Hold
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Soleil Securities initiates coverage on Kindred Healthcare (NYSE: KND) with a Hold. Price target $15.50.
Soleil analyst says, "Initiate coverage with a Hold. Largest publicly-traded provider of sub- acute, post-acute and long-term care services in the U.S. The shares have been extremely volatile in recent years, as small revenue and margin changes have had an exaggerated impact on the company's bottom line given its leverage due to high rent expense. As noted in our Industry report, we are concerned about pending Medicare reimbursement changes which could impact the earnings outlook for the nursing home stocks."
Kindred Healthcare, Inc. is a healthcare services company that through its subsidiaries operates hospitals, nursing centers and a contract rehabilitation services business across the United States.
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