KeyBanc analyst Matthew Gillmor lowered the firm’s price target on Acadia Healthcare (ACHC) to $25 from $30 and keeps an Overweight rating on the shares. The firm notes the company reduced its 2025 EBITDA guidance another 7% to reflect a further PLGL cost increase following its annual third-party actuary review. While this event shouldn’t be thesis altering, it will further erode already-extremely-low investor confidence, KeyBanc adds.
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