TD Cowen Reiterates Buy Rating on Acadia Healthcare (ACHC)

TD Cowen analyst Gary Taylor reiterated a Buy rating and $91.00 price target on Acadia Healthcare (NASDAQ: ACHC).

The analyst commented, "ACHC is our best Smidcap idea. The company’s thematic, defensive, double-digit EBITDA growth algorithm represents relative value within our provider universe. We expect continued strong Medicaid reimbursement growth and moderating wage inflation in 2H24."

For an analyst ratings summary and ratings history on Acadia Healthcare click here. For more ratings news on Acadia Healthcare click here.

Shares of Acadia Healthcare closed at $65.80 yesterday.

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