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".
Published first on TheFly
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