Citi upgraded R1 RCM to Buy from Neutral with an unchanged price target of $16. The analyst thinks an acquisition of the company in the mid-to-high teens is still the most likely scenario, and saying the stock’s risk/reward setup now looks favorable. Recent news flow that the special committee has asked the large private equity shareholders to cease discussions is a favorable development as this portends a higher bid than $13.75 per share is necessary to get this deal across the finish line, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
