Hedgeye sees 50% downside in Surgery Partners; shares down more than 4%

|About: Surgery Partners, Inc. (SGRY)|By:, SA News Editor

Hedgeye is recommending a short in Surgery Partners (SGRY -4.6%).

Update at 1:05 ET: "[A] bad house in a great neighborhood," Surgery Partners portfolio is "low quality" vs. peers like UnitedHealth's (NYSE:UNH) Surgical Care, says analyst Tom Tobin. And a lack of cash means deals to upgrade that portfolio are unlikely. Source: Bloomberg

Shares now off 4.3%.

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