RBC Capital raised the firm’s price target on Tenet Healthcare (THC) to $252 from $230 and keeps an Outperform rating on the shares. The company reported “strong” Q3 results and raised guidance, while the stock pull-back since Friday appears “unwarranted”, the analyst tells investors in a research note. Tenet remains RBC;s top hospital pick given its strong fundamentals, the firm added.
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