Oppenheimer Has Perform Rating On Community Health Systems

Oppenheimer & Co. has a Perform rating on shares of Community Health Systems, Inc. CYH. In a note to investors, Oppenheimer writes, "Community issued an 8-K noting that it has received a subpoena from the SEC requesting documents related to the various inquiries. Community also noted that it has received another subpoena from the Houston office of HHS' OIG requesting 71 patient medical records from its Shelbyville, TN hospital. We are not surprised that the company is the target of additional investigations, which we believe will overhang the stock for some time." Shares of CYH gained 47 cents yesterday to close at $28.59, a gain of 1.7%.