Gabelli Cuts Continuecare (CNU) to Hold Following Deal with Metropolitan Health Networks

June 28, 2011 8:46 AM EDT
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Price: $6.45 --0%

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Gabelli downgraded shares of Continuecare (NYSE: CNU) from Buy to Hold Monday morning.

The lowered investment rating follows news Monday Metropolitan Health Networks agreed to acquire Continuecare in a $416 million deal. The stock surged more than 31 percent on the news.

For more ratings news on Continuecare click here and for the rating history of Continuecare click here.


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