BUZZ-AMN Healthcare Services falls after BofA downgrades to 'underperform'

Reuters
08 Oct 2024

** Shares of AMN Healthcare Services 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))

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