Jefferies Maintains Hold Rating On Skilled Healthcare Group

According to Jefferies, Skilled Healthcare Group SKH earnings visibility has been compromised by CMS's recently announced FY12 skilled nursing facility rate cut of 11.1%. Jefferies said that while management's Q2 earnings call today could provide incremental perspective, we expect the stock to remain relatively rangebound until the full cut impact can be better quantified in the coming weeks. Maintain Hold/$6PT. Skilled Healthcare Group closed yesterday at $5.06.