Community Health price target lowered to $2 from $2.50 at Wells Fargo

Wells Fargo analyst Stephen Baxter lowered the firm’s price target on Community Health (CYH) to $2 from $2.50 and keeps an Underweight rating on the shares. The firm notes Q4 was mixed, with “core” EBITDA roughly in-line. Wells is lowering estimates primarily to remove new Medicaid supplemental payment for now and sees more risk to approval in current political climate.