RBC Capital Starts Ardent Health Partners Inc (ARDT) at Outperform

RBC Capital analyst Ben Hendrix initiates coverage on Ardent Health Partners Inc (NYSE: ARDT) with a Outperform rating and a price target of $23.00.

The analyst comments: "We are initiating coverage on Ardent Health Partners, Inc. at Outperform with a $23 price target. Our valuation and rating are backed by ARDT's leading position in its fast-growing markets and strong visibility within its growth algorithm. Specifically, we see a strong growth opportunity within ARDT's existing markets through expansion of complementary service lines, particularly ambulatory surgery — a strategy proven by leading acute care hospital peers. We also believe the company is well positioned for margin expansion on the back of supplemental Medicaid programs in key states and scale efficiencies through a differentiated JV strategy."

For an analyst ratings summary and ratings history on Ardent Health Partners Inc click here. For more ratings news on Ardent Health Partners Inc click here.

Shares of Ardent Health Partners Inc closed at $15.64 yesterday.

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