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Gentiva Health Services (GTIV -8%) and Amedisys (AMED -3.4%) are both lowered to Underperform...
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Tuesday, January 10, 2012, 12:46 PM ETGentiva Health Services (GTIV -8%) and Amedisys (AMED -3.4%) are both lowered to Underperform from Neutral at Robert W. Baird. The sector still seems to price in too optimistic an outlook for 2012, and investors materially underestimate the risk to therapy cuts, thus any negative announcement "could drive a material amount of downside" in shares.
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