Adeptus Health (ADPT) Misses Q3 EPS by 50c

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Jefferies Downgrades Adeptus Health (ADPT) to Hold, Slashes PT to $13

November 2, 2016 7:17 AM EDT

Jefferies downgraded Adeptus Health (NYSE: ADPT) from Buy to Hold with a price target of $13.00 (from $17.00).

Analyst Brian Tanquilut commented, "We are downgrading ADPT to Hold given our concerns about its balance sheet and cash flows. As A/R DSOs... More