Mednax down after Stifel cuts PT on uncertainty over growth plan

Pediatrix Medical

29/10/2021 17:26

** Healthcare services provider's shares  MD.N  down 3% at
84 cents after Stifel cuts PT to $31 from $35, maintains "hold"
rating 
    ** Says there is uncertainty on the execution of the
pediatric primary care and urgent care expansion plan and the
return profile
    ** On Thursdays, co posted better-than expected Q3 profit,
revenue, helped by higher patient admissions in its
hospital-based patient service unit
    ** Co also unveiled a plan to open 100 pediatrics clinics
through its recent Brave Care investment
    ** Stock had risen 9.3% YTD

 (Reporting by Dania Nadeem)