CYH - Community Health falls as price target lowered to $14 at Citi

Citi analyst Jason Cassorla lowered the firm's price target on Community Health (CYH -7.6%) to $14 from $18 and keeps a Buy rating on the shares following the Q1 results. The analyst lowered EBITDA estimates to reflect the Q1 miss and some spillover of higher contract labor costs into Q2. Since the start of 2022, Community Health Systems shares fell around 41% and over a period of one year shares were down around 24%. Wall Street analysts stands with a Buy rating on the stock whereas, Seeking Alpha Quant System says to Hold.

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Community Health falls as price target lowered to $14 at Citi