Citi Upgrades Community Health Systems (CYH) to Hold
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Citi upgrades Community Health Systems (NYSE: CYH) from Sell to Hold. Price target $33.
Citi analyst says, "we are upgrading CYH from Sell to Hold. The stock has declined 17% from its ytd high (vs. an 8% decline in the S&P over the same period). The stock is now just below our $33 price target and we view downside risk/reward as more limited. We also believe that CYH will at least meet 2Q08 consensus estimates."
Community Health Systems, Inc. (CHS) is an operator of hospitals in the United States.
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