RE: Senior Management13 Dec 2018 13:07
* Shares of UK private hospital operatorSPI.L fall >12 pct to all-time low after JP Morgan slashes PT* Stock bottom of FTSE mid cap index as JPM flags uncertain market, operational missteps as hurdles* "Overall, we find it difficult to construct a positive near-term outlook, other than the shares are cheap," the broker says* JPM cuts PT by 43% to 146p, adds that Brexit may drive reticence in self-pay market* Brexit signals UK political focus elsewhere, meaning NHS decisions "likely remain paralysed" - JPM* Co in Sept. said FY year core earnings would fall by up to a fifth as H1 core earnings sank after cut in NHS referrals* 6/11 analysts rate SPI "hold", 3 "buy" or higher, 2"sell" or lower; median PT 162.5p* Shares nearly halved since a profit warning in Aug