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HCA Healthcare downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research analyst Justin Lake downgraded HCA Healthcare (HCA) to Peer Perform from Outperform without a price target The firm cites the potential for healthcare exchange pressure in 2026 and provider tax pressure in 2028 and beyond for the downgrade. Wolfe now sees a less compelling risk/reward for the shares amid HCA’s legislative pressure.

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