UPDATE: Citi Downgrades Lincare Holdings To Hold

According to Citi, Lincare Holdings LNCR is downgraded to Hold. Citi said that it is downgrading shares of LNCR from Buy/Medium Risk (1M) to Hold/High Risk (2H) primarily because it is increasing its view of longer-term earnings risk to the story from non-MDCR reimbursement pressure. “This also increases our ascribed risk-rating to High. We've now nearly round-tripped our 2/11/09 upgrade at $17.01 (LNCR up 18% vs S&P400 up 55%).” Lincare Holdings closed yesterday at $20.22.