Jefferies Maintains a 'Hold' on Community Health (CYH); Earnings Quality In Question As EPS Beat Trumped By Rev/EBITDA Miss

Jefferies maintains a 'Hold' on Community Health (NYSE: CYH) price target lowered from $27 to $20.

Jefferies analyst says, "CYH's Q3 operational performance fell below expectations as the company suffered from a sharp decline in admissions. The Q3 earnings beat and raised FY11 guidance stem largely from lower taxes, share count and interest expense. Volume weakness, reimbursement uncertainty and legal risk remain heavy overhangs for now."

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

Shares of Community Health closed at $20.28 yesterday.

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