Wells Fargo Sticks to Their Sell Rating for Community Health (CYH)
Wells Fargo analyst Stephen Baxter maintained a Sell rating on Community Health yesterday and set a price target of $3.00. The company’s shares closed yesterday at $3.42.
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Baxter covers the Healthcare sector, focusing on stocks such as Centene, Molina Healthcare, and Elevance Health. According to TipRanks, Baxter has an average return of -2.5% and a 41.81% success rate on recommended stocks.
Community Health has an analyst consensus of Hold, with a price target consensus of $3.93, which is a 14.91% upside from current levels. In a report released on October 28, Raymond James also reiterated a Sell rating on the stock with a $0.00 price target.
Based on Community Health’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.09 billion and a net profit of $130 million. In comparison, last year the company earned a revenue of $3.09 billion and had a GAAP net loss of $391 million
Read More on CYH:
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- Community Health Sells Stake in Joint Ventures
- Community Health to sell ownership interest in Clarksville Hospital to VUMC
- Community Health price target raised to $3.60 from $3.20 at UBS
- Community Health Systems Reports Mixed Q3 Earnings
- Community Health to sell three PA hospitals to Tenor Health Foundation
