Healthways (HWAY -5.6%) slips after Citigroup initiated the shares today with a Sell and a $9...
Healthways (HWAY -5.6%) slips after Citigroup initiated the shares today with a Sell and a $9 price target, saying that expectations for any margin improvement at the health-care provider are too high. Citi notes that contract losses, lower margins on new business, and less favorable rates on renewed contracts will wind up disappointing the Street consensus, and leave limited upside.
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