Wells Fargo analyst Stephen Baxter has maintained their bullish stance on CON stock, giving a Buy rating on May 8.
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Stephen Baxter has given his Buy rating due to a combination of factors including Concentra Group Holdings Parent, Inc.’s strong performance in the first quarter of 2025, which exceeded expectations. The company benefited from recent mergers and acquisitions, such as the Nova deal, which contributed significantly to revenue and is progressing well in terms of integration and synergy targets. Additionally, Concentra’s core employer services showed improvement, with volume and revenue per visit metrics surpassing previous estimates, indicating a positive turnaround after a period of weakness.
Furthermore, the company has not experienced any adverse effects from macroeconomic uncertainties, and there is potential for growth from the re-shoring of manufacturing to the U.S. Concentra’s guidance for 2025 has been raised, reflecting increased revenue and EBITDA expectations, partly due to contributions from recent acquisitions. The decision to limit further M&A activity and focus on debt repayment and organic growth also supports the Buy rating, as it suggests a strategic approach to strengthening the company’s financial position.
In another report released on May 8, Bank of America Securities also reiterated a Buy rating on the stock with a $27.00 price target.
CON’s price has also changed slightly for the past six months – from $20.250 to $21.620, which is a 6.77% increase.