Accretive Health to Explore Strategic Alternatives
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Accretive Health (ACHI) PT Cut to $2.70 at Piper Jaffray as Ascension Walks
July 17, 2015 7:07 AM EDTPiper Jaffray analyst Sean Wieland reiterated an Underweight rating and lowered his price target on Accretive Health (OTC: ACHI) to $2.70 (from $7.00) following an ultimatum from Ascension.
Wieland commented, "Ascension offered ACHI a choice: Be taken private at fifty cents on the dollar ($2.70/sh)... More
Cowen Downgrades Accretive Health (ACHI) to Neutral
July 17, 2015 6:31 AM EDTCowen downgraded Accretive Health (OTC: ACHI) from Outperform to Neutral and removes their $9 price target.
Analyst Charles Rhyee commented, "ACHI announced it is reviewing strategic alternatives after Ascension bid on the company for 50% its market value and said it would not renew... More
