Truist analyst David MacDonald raised the firm’s price target on Tenet Healthcare to $66 from $60 and keeps a Buy rating on the shares. The company’s Q4 results were a bit better across segments and labor showed ongoing improvement, the analyst tells investors in a research note. The firm adds that it will look for ramping ASC contribution and an additional benefit from labor as Tenet’s FY23 outlook points to "solid organic growth".
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on THC:
- Tenet Healthcare price target raised to $60 from $57 at Stephens
- Tenet Healthcare sees 2023 adjusted EPS $4.68-$5.85 vs. $7.58 in 2022
- Tenet Healthcare reports Q4 adjusted EPS $1.96 vs. $2.70 a year ago
- Tenet options imply 7.4% move in share price post-earnings
- 3 Stocks to Buy Today, 1/27/2023, According to Top Analysts