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Acadia Healthcare price target lowered to $28 from $35 at Barclays

Barclays lowered the firm’s price target on Acadia Healthcare (ACHC) to $28 from $35 and keeps an Equal Weight rating on the shares. The firm says that while the in-line Q1 results are a positive step to stabilize the earnings base, it remains cautious given further media and legal risk in April along “with a big step-up in earnings” for the balance of the year.

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