Jefferies Downgrades Kindred Healthcare (KND) to Hold
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Price: $9.00 --0%
Rating Summary:
4 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies downgraded Kindred Healthcare (NYSE: KND) from Buy to Hold and lowers their price target from $30 to $20.
The firm cited, "...increasing probability that that skilled nursing facilities (SNFs) and long-term care hospitals (LTCHs) will be facing multiple years of Medicare pricing pressure and our expectation that this overhang will keep shares rangebound for the foreseeable future."
For more ratings news on Kindred Healthcare click here and for the rating history of Kindred Healthcare click here.
Shares of Kindred Healthcare closed at $20.56 yesterday.
The firm cited, "...increasing probability that that skilled nursing facilities (SNFs) and long-term care hospitals (LTCHs) will be facing multiple years of Medicare pricing pressure and our expectation that this overhang will keep shares rangebound for the foreseeable future."
For more ratings news on Kindred Healthcare click here and for the rating history of Kindred Healthcare click here.
Shares of Kindred Healthcare closed at $20.56 yesterday.
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