Industry Note:
Wall Street Analyst Forecasts Tough 2012 For Home Care Companies
Published on Wed Jun 01, 2011
If you think next year is going to be a tough one for home care companies, you're not alone. One Wall Street analyst downgraded his ratings of home care companies in June, forecasting a rough 2012. Robert W. Baird & Co. analyst Whit Mayo lowered his rating on the sector to "Underperform" from "Neutral," and downgraded shares of Almost Family Inc., LHC Group, and Gentiva Health Services Inc., reports Business Week. Shares of each company fell 8 to 10 percent after the news. Mayo held his rating of Amedisys Inc. steady.