Community Health price target lowered to $2 from $3 at Wells Fargo

Wells Fargo lowered the firm’s price target on Community Health (CYH) to $2 from $3 and keeps an Underweight rating on the shares. For managed care organizations, the firm is most constructive on Medicare Advantage with uncertainty high for Medicaid/Exchanges. Wells sees a more difficult backdrop for hospitals in 2026 as post-COVID tailwinds wane and legislative risks near. Distributor debate remains revisions vs. multiples.