Jefferies Downgrades HEALTHSOUTH (HLS) to Hold; Rate Risk Rising and Rising

Jefferies downgraded HEALTHSOUTH (NYSE: HLS) from Buy to Hold with a price target of $23.00 (from $25.00).

Analyst, Arthur I. Henderson, said, "HLS's strong Q2 performance and raised guidance was impressive, but we recommend taking advantage of stock strength to lighten long positions, fearing that IRF reimbursement could get greater scrutiny later this year when legislators look for funding offsets to another doc fix and deficit reduction."

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

Shares of HEALTHSOUTH closed at $22.93 yesterday.

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