UBS has decided to downgrades the hospital sector this morning. It seems that perhaps not all medical and healthcare stocks are immune from a rapidly weakening economy. We have seen downgrades on three of the top publicly traded hospital system stocks as follows:
Community Health (NYSE: CYH) Cut from Buy to Neutral.
Tenet Healthcare (NYSE: THC) Cut from Neutral to Sell.
Universal Health (NYSE: UHS) Cut from Buy to Neutral.
Jon C. Ogg October 1, 2008
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