JPMorgan analyst Lisa Gill resumed coverage of Pacs Group (PACS) with an Overweight rating and $40 price target following a period of restriction. The firm believes Pacs has an attractive business model focused on acquiring underperforming skilled nursing facilities and driving improvement in clinical, operational, and financial performance. Acquisitions position the company to execute against “lofty growth expectations, with potential for upside,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PACS: