Mizuho analyst Ann Hynes lowered the firm’s price target on Acadia Healthcare (ACHC) to $37 from $48 and keeps a Neutral rating on the shares. The firm sees continued volume pressures for Acadia following its reduced long-term outlook. Mizuho does not believe the shares can trade at their previous multiple until the company generates positive free cash flow.
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Read More on ACHC:
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- Strategic Growth Amidst Challenges: Whit Mayo’s Buy Rating on Acadia Healthcare
- Acadia Healthcare price target lowered to $40 from $44.50 at BofA
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