Truist Securities Starts Concentra Group Holdings Parent Inc (CON) at Buy

Truist Securities analyst David MacDonald initiates coverage on Concentra Group Holdings Parent Inc (NYSE: CON) with a Buy rating and a price target of $29.00.

The analyst comments "Leading provider of occ. health services with 700+ centers across 45 states, impressive cost/quality outcomes and a sizable opportunity given ~60% of workplace injuries are currently treated at sites of care where occ. health is not the primary focus. Differentiated reimbursement risk profile as ~1% of revenue comes from government payors/programs; the company saw a ~3% CAGR on incremental revenue growth from reimbursement from 2016 – 2023. Solid organic growth record supported by de novo expansion with attractive economics (avg. breakeven <3 months) and M&A."

For an analyst ratings summary and ratings history on Concentra Group Holdings Parent Inc click here. For more ratings news on Concentra Group Holdings Parent Inc click here.

Shares of Concentra Group Holdings Parent Inc closed at $23.41 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)