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Texas Surgery Pullback Stirs Unease for Hospital, Device Stocks

June 30, 2020, 12:28 PM

The suspension of elective surgeries in parts of Texas rekindles risks for hospitals and medical devicemakers that were only just beginning to recover from a monthslong shutdown across the country.

The halting of procedures is not only a negative for hospitals in Texas; it also represents a reaction that could be mimicked in other states that are struggling to control the spread of coronavirus, according to analysts at Bernstein.

“We believe the political equation will make other states following this lead more likely,” Bernstein analysts led by Lance Wilkes and Lee Hambright wrote in a June 26 report. “Halting of...

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