UPDATE: Morgan Keegan Lowers PT on Skilled Healthcare Group to $6

Morgan Keegan is out with its report today on Skilled Healthcare Group SKH, lowering its PT from $6.75 to $6. In its report, Morgan Keegan writes, "We believe that Skilled Healthcare Group can grow earnings by providing high-acuity medically complex services to short-stay patients at its owned and leased nursing homes. We expect the company to augment this internal growth through accretive acquisitions. We rate nursing home operator shares Market Perform given pending large Medicare rate cuts. Our price target for Skilled Healthcare Group is $6." Shares of SKH closed Tuesday at $5.58, up 10.28% from Monday's close.