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Oppenheimer Reiterates Perform on Community Health Systems
Friday, July 29, 2011 - 8:16am | 56Oppenheimer reiterated its Perform rating on Community Health Systems (NYSE: CYH). At the moment, the rating agency does not have a price target placed on the company's stock. On Thursday, CYH closed the day at $24.87. Its shares added 6.15% to their value in today's pre-market trading to stand...
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Morgan Keegan Lowers Estimates On VCA Antech
Friday, July 29, 2011 - 7:46am | 114According to Morgan Keegan, VCA Antech (NASDAQ: WOOF) reported second quarter EPS of $0.45, in line with estimate and $0.01 above consensus, while same-store sales were slightly weaker than estimated. Morgan Keegan said that it has found VCA Antech's same-store growth to be highly correlated to...
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UPDATE: Bank of America Merrill Lynch Lowers PO on VCA Antech to $27
Friday, July 29, 2011 - 6:50am | 100Bank of America Merrill Lynch is out with its report today on VCA Antech (NASDAQ: WOOF), lowering its PT from $28 to $27. In a note to clients, Bank of America Merrill Lynch writes, "WOOF's 2Q11 EPS ($0.45) beat our $0.44 estimate on stronger profitability that offset nominally weaker revenues....
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Morgan Keegan Lowers PT On VCA Antech To $23
Friday, July 29, 2011 - 5:42am | 28Morgan Keegan has lowered the price target on VCA Antech (NASDAQ: WOOF) from $26 to $23 and maintains its Market Perform rating.
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Bank of America Lowers PO On VCA Antech To $27
Friday, July 29, 2011 - 5:29am | 28Bank of America has lowered the price objective on VCA Antech (NASDAQ: WOOF) from $28 to $27 and maintains its Buy rating.
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Earnings Scheduled For July 29
Friday, July 29, 2011 - 3:18am | 424Chevron Corporation (NYSE: CVX) is projected to report its Q2 EPS at $3.56 on revenue of $71.58 billion. Aon Corporation (NYSE: AON) is expected to report its Q2 EPS at $0.82 on revenue of $2.74 billion. Newell Rubbermaid Inc (NYSE: NWL) is estimated to report its Q2 EPS at $0.42 on revenue of $...
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Will Bonds Rally, Yields Go Down? 07-28-2011
Thursday, July 28, 2011 - 5:38pm | 1094Cusick's Corner I thought the market was going to get a little lift into the After Hours with Finance, XLF, and Tech, QQQ/XLK, leading but that is not the case, squeezing more longs out of the market. I have ratcheted down my size in trades at this stage, and will be watching the headlines for any...
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Community Health Systems Announces Definitive Agreement to Acquire Texas Hospital
Thursday, July 28, 2011 - 3:32pm | 112Community Health Systems, Inc. (NYSE: CYH) announced today that a subsidiary has executed a definitive agreement to acquire substantially all of the assets of Tomball Regional Medical Center, located in Tomball, Texas, a rapidly growing community approximately 30 miles northwest of Houston. The 358...
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SunLink Health Systems Announces Private Placement of Shares and Modification and Extension of Credit Agreement
Thursday, July 28, 2011 - 3:12pm | 153SunLink Health Systems, Inc. (NYSE: SSY) today announced the private placement of 1,337,637 common shares at $1.90 per share with certain of its officers and directors and/or their affiliates. The net proceeds of the private placement of approximately $2,500,000 were used, together with the company...
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Options Brief: Community Health Systems
Thursday, July 28, 2011 - 11:48am | 88Shares of Community Health Systems (NYSE: CYH) are higher on the session by 1.94%, trading at $25.19. Overall call volume is now running at 2.34x the daily average, with 49% of all calls traded being purchases on the offer. 2,757 contracts have traded on the session so far. Community Health...
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Bank of America Comments on Q2 Results for Universal Health Services
Thursday, July 28, 2011 - 9:08am | 110Bank of America has published a report on Universal Health Services (NYSE: UHS) as Q2 results came in above expectations. In the report, Bank of America wrote, "UHS reported EPS of $1.04, $0.01 above consensus and $0.02 above our estimate. The beat was driven by better than expected margins,...
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UPDATE: Jefferies Lowers PT on Health Managment Association to $12
Thursday, July 28, 2011 - 8:30am | 92Jefferies is out with its report today on Health Management Association (NYSE: HMA), lowering its PT from $13 to $12. In its report, Jefferies writes, "Good Q2 results should rekindle investors' enthusiasm not only for HMA but also for the entire hospital sector as acuity weakness seen at HCA (...
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Jefferies Reiterates Hold and PT of $56 on Universal Health Services
Thursday, July 28, 2011 - 6:44am | 61Jefferies reiterated its Hold rating on Universal Health Services (NYSE: UHS). At the same time, the rating agency left its price target on the company's stock unchanged at $56. On Wednesday, UHS lost 4.03% of its value to finish the day at $50.49. Its shares continued to slide in today's pre-...
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Jefferies Reiterates Buy on HealthSouth
Thursday, July 28, 2011 - 6:36am | 95Jefferies is out with its report today on HealthSouth (NYSE: HLS), reiterating Buy. In its report, Jefferies writes, "HLS's strong Q2 results continue to illustrate the company's favorable underlying fundamentals, with strong volume growth, solid pricing growth and effective cost mgmt allowing for...
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Jefferies Lowers PT on Health Management Association To $12
Thursday, July 28, 2011 - 6:21am | 28Jefferies & Company has lowered the price target on Health Management Association (NYSE: HMA) from $13 to $12 and maintains its Buy rating.