Oppenheimer analyst Michael Wiederhorn raised the firm’s price target on Pennant Group to $22 from $18 and keeps an Outperform rating on the shares. Pennant reported in line results for Q4 and issued a “solid” outlook for 2024, including robust top-line growth, the analyst tells investors in a research note. The the in-line Q4 caps off a strong year for Pennant and the forward outlook indicates that the growth trends should continue into 2024, Oppenheimer argues.
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