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Jefferies downgrades Kindred Healthcare (KND -0.4%), Skilled Healthcare (SKH -0.3%) and Sun...
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Tuesday, July 19, 2011, 2:58 PM ETJefferies downgrades Kindred Healthcare (KND -0.4%), Skilled Healthcare (SKH -0.3%) and Sun Healthcare (SUNH -1.8%) to Hold from Buy based on an increasing likelihood that skilled nursing facilities and long-term care hospitals will face multiple years of Medicare pricing pressure, with the overhang keeping shares rangebound for the foreseeable future.
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