Acadia Healthcare price target lowered to $86 from $90 at TD Cowen

TD Cowen analyst Gary Taylor lowered the firm’s price target on Acadia Healthcare to $86 from $90 and keeps an Outperform rating on the shares. The firm said the recurring strength of the company’s SS revenue growth makes them incrementally optimistic regarding 2024-25 EBITDA growth particularly as the company anniversaries recent corporate investments.