Deutsche Bank Downgrades Acadia Healthcare (ACHC) to Hold; Valuation Call

Deutsche Bank downgraded Acadia Healthcare (NASDAQ: ACHC) from Buy to Hold with a price target of $19.00.

Deutsche analyst said, "ACHC's recent run-up puts it within striking distance of our $19 price target. Fundamentally, we believe ACHC is performing in-line with our expectations and we still expect the company's M&A pipeline to turn-up a steady stream of hospital acquisitions (1 per quarter assumed in our model). At current valuations levels (9.1x forward EV/EBITDA), we believe much of the positive sentiment is priced-in and a Hold rating is a more appropriate stance."

For an analyst ratings summary and ratings history on Acadia Healthcare click here. For more ratings news on Acadia Healthcare click here.

Shares of Acadia Healthcare closed at $17.90 yesterday.

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