R1 RCM just downgraded at JPMorgan, here’s why

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.