Mizuho Securities Downgrades Community Health (CYH) to Underperform

Mizuho Securities downgraded Community Health (NYSE: CYH) from Neutral to Underperform with a price target of $14.40.

Analyst Sheryl R. Skolnick commented, "It's always and ever about the FCF...things got worse, and it wasn't just the flu. It's cash flow, AR and HMA that caused CYH's awful 4Q15 and heightens our concerns about 2016 enough to take the stock from Neutral to Underperform & our $21 PT to $14.40. In short, CYH has to grow volumes, collect cash and turn HMA, none of which has it been able to do consistently. That leads us to be below '16's guide and raises concerns about a credit rating downgrade."

For an analyst ratings summary and ratings history on Community Health click here. For more ratings news on Community Health click here.

Shares of Community Health closed at $18.68 yesterday.

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