Civitas Solutions Acquires Three Massachusetts Adult Day Health (ADH) Centers
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UBS Remains Bullish as Civitas Solutions (CIVI) Reaffirms Full Year Guidance
February 10, 2016 10:09 AM ESTUBS maintained a Buy rating on Civitas Solutions (NYSE: CIVI), and cut the price target to $28.00 (from $29.50), following the company's 1Q earnings report. CIVI posted adjusted EBITDA down to $36.3 mln, which was $1.8 mln below consensus' estimates. Adjusted EPS was $0.16, which compares to UBS' estimate of $0.20. CIVI kept full year guidance unchanged.
Analyst A.J. Rice commented, "CIVI posted F1Q16 adj EBITDA down 10.4% Y/Y to $36.3 mln,... More

