JPMorgan analyst Anne Samuel downgraded R1 RCM to Neutral from Overweight with a price target of $11, down from $20. The analyst sees less visibility in the model drivers and go-forward strategy combined with near-term pressure on the growth algorithm from acquisition integration. The firm cites changes in the company’s strategy and less visibility on the changing financial algorithm for the downgrade.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RCM: