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  5. WELL: Any idea why CIBC lowered their rating to neutral with a target of $4. [WELL Health Technologies Corp.]
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Q: Any idea why CIBC lowered their rating to neutral with a target of $4.75?
Asked by Michael on January 22, 2024
5i Research Answer:

CIBC's primary these was margin compression, citing 'its acquisition strategy on primary care clinics offers cheap valuations, but have limited growth and margin upside'. The analyst suggests staying on the sidelines until there is more clarity on the company's cost-cutting efforts. 

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