Soleil Securities Lowers PT On CYH To $37, Raises PT On THC

Soleil Securities, in its ‘Sunrise’ report has adjusted the price target on two healthcare companies.

Citing new information regarding an investigation of claims practices possibly affecting the company’s acquisition of Tenet Healthcare Corp. (NYSE: THC), Soleil has lowered the price target on Community Health Systems (NYSE: CYH) from $44 to $37 but maintains a Buy rating.

Soleil has, however, raised its price target from $6.80 to $8 and its rating from Buy to Hold on THC based upon the proposed acquisition.

CYH closed Friday at $31.90 and THC at $6.66.