Jefferies Downgrades Community Health (CYH) to Hold

Jefferies analyst Brian Tanquilut downgraded Community Health (NYSE: CYH) from Buy to Hold with a price target of $3.00 (from $4.25).

The analyst comments: "We D/G to Hold given 1) soft Q2 trends that translated to an EBITDA miss, despite CYH recognizing TN & NM DPP payments during the quarter, 2) go-forward earnings uncertainty related to the impacts of the OBBBA's legislation and scheduled eAPTC expiration at year-end that likely translates to an increase in CYH's already-elevated leverage ratio, & 3) mgmt uncertainty given CEO transition, at a time when hospitals are facing new regulatory headwinds."

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

Shares of Community Health closed at $3.88 yesterday.

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