Jefferies Downgrades AmSurg (AMSG) to Hold; Serious Concerns
Tweet
Share
E-mailGet Alerts AMSG Hot Sheet
Price: $67.75 --0%
Rating Summary:
12 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Jefferies downgraded AmSurg (NASDAQ: AMSG) from Buy to Hold with a price target of $27.00 (from $31.00).
Analyst, Arthur Henderson, said, "We have serious concerns about AMSG's ability to hold its expensive 9x EBITDA multiple without a guidance raise in the face of a dimming economic backdrop and end-of-year uncertainties (the election, fiscal cliff, Medicare doc fix, etc.). For that reason, we are downgrading this stock."
For an analyst ratings summary and ratings history on AmSurg click here. For more ratings news on AmSurg click here.
Shares of AmSurg closed at $29.70 yesterday.
Analyst, Arthur Henderson, said, "We have serious concerns about AMSG's ability to hold its expensive 9x EBITDA multiple without a guidance raise in the face of a dimming economic backdrop and end-of-year uncertainties (the election, fiscal cliff, Medicare doc fix, etc.). For that reason, we are downgrading this stock."
For an analyst ratings summary and ratings history on AmSurg click here. For more ratings news on AmSurg click here.
Shares of AmSurg closed at $29.70 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
- GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities
- Tata Motors Passenger Vehicles (TMPV:IN) PT Raised to INR375 at ICICI Securities
Create E-mail Alert Related Categories
Analyst PT Change, DowngradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
