RadNet (RDNT) PT Raised to $55 at Truist Securities, 'conviction remains high in underlying business trends'

Truist Securities analyst David MacDonald raised the price target on RadNet (NASDAQ: RDNT) to $55.00 (from $51.00) while maintaining a Buy rating.

The analyst commented: 'We remain bullish on RDNT following upbeat management meetings highlighting strong core demand, attractive industry tailwinds, differentiated positioning given significant in market scale/density and growth opportunity on several fronts. In addition, de novo development, the recent entry into the Houston market and meaningful financial flexibility for additional potential M&A in what we view as a fertile backdrop should continue to expand the growth playing field. Our conviction remains high in underlying business trends, we continue to see an upward bias in estimates and reiterate our Buy - PT raised to $55 (vs. prior $51).'

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