Jefferies Initiates Coverage On Community Health Sys With Hold Rating

According to Jefferies, Community Health Sys. CYH is initiated with a Hold rating. Jefferies reported that it is initiating coverage of CYH with a Hold rating and $36 PT. “Despite the company's proven track record of good financial and operational performance, recent allegations of inappropriate historical billing practices make CYH a difficult stock to recommend. For now, we encourage investors to wait for additional data points and increased visibility.” Community Health Sys. closed yesterday at $32.83.