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Pacs Group downgraded to Neutral from Overweight at JPMorgan

Pacs Group downgraded to Neutral from Overweight at JPMorgan

JPMorgan downgraded Pacs Group (PACS) to Neutral from Overweight with an $18 price target The firm moved to the sidelines after the company postponed its Q3 earnings and said it received civil investigative demands from the federal government regarding its reimbursement and referral practices. This has created a prolonged overhang on the stock, the analyst tells investors in a research note.

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