Cross Country Healthcare price target lowered to $12 from $19 at Jefferies

Jefferies analyst Jack Slevin lowered the firm’s price target on Cross Country Healthcare (CCRN) to $12 from $19 and keeps a Hold rating on the shares as the analyst took over coverage of the stock. Margin pressure on bill-pay spreads drove a Q3 miss, but education should drive gross margins higher in Q4, the analyst tells investors.