Community Health Systems (CYH) Tops Q2 EPS by 25c, Offers FY Guidance; to Spin-Off 38 Hospitals and Quorum Health Resources

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Go back to Community Health Systems (CYH) Tops Q2 EPS by 25c, Offers FY Guidance; to Spin-Off 38 Hospitals and Quorum Health Resources

Community Health (CYH) PT Raised to $83 at Jefferies as Company Unlocks Value

August 4, 2015 6:49 AM EDT

Jefferies analyst Brian Tanquilut lifted his price target on Buy-rated Community Health (NYSE: CYH) to $83.00 (from $79.00) after the company announced plans to unlock value by spinning out its portfolio of hospitals in smaller markets.

Tanquilut commented, "By splitting the company up, we expect... More