R1 RCM downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc analyst Scott Schoenhaus downgraded R1 RCM to Sector Weight from Overweight without a price target. The analyst sees potential risks emerging to hospital end markets in the form of potentially decelerating utilization as measured by KeyBanc’s proprietary credit card data. In addition, increased record hiring levels at compounded levels of wage inflation are likely compress margins and spend for solutions, the analyst tells investors in a research note.