Jefferies Sees Tough Road for Almost Family (AFAM)

Jefferies maintained a Hold rating on home nursing provider Almost Family (NASDAQ: AFAM) and cut its price target to $19.00 (from $23.50).

"We continue to have a neutral view on AFAM as the company is having to adapt to new headwinds from payment structure changes from Medicare Advantage payors, as well as ongoing volume challenges and scheduled Medicare rate cuts," said analyst Brian Tanquilut.

Tanquilut said AFAM faces risk from "reimbursement pressure" as fiscal cliff discussions in Washington may result in Medicare changes.

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

Shares of Almost Family closed at $19.21 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Zedcor Inc (ZDC:CN) PT Raised to Cdn$7.75 at Desjardins
• Apollo Hospitals (APLH:IN) PT Raised to INR8,500 at ICICI Securities