AMN Healthcare Services falls after BofA downgrades to 'underperform'

AMN Healthcare Services

07/10/2024 17:00

** Shares of AMN Healthcare Services  AMN.N  fall ~2.3% to
$37.44
    ** BofA downgrades stock to "underperform" from "neutral";
cuts PT to $48 from $65
    ** Brokerage says lower temp nurse demand due to slowing
economy to put pressure on AMN, given its exposure to temp
health staffing industry
    ** 4 of 9 brokerages rate AMN stock "buy" and higher, 4
"hold", 1 "sell"; their median PT is $64 - LSEG data
    ** Including session's moves, stock down 50% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))