The Pennant Group (PNTG) PT Raised to $38 at RBC Capital

RBC Capital analyst Frank Morgan raised the price target on The Pennant Group (NASDAQ: PNTG) to $38.00 (from $26.00) while maintaining a Outperform rating.

The analyst comments "As a follow-up to our Quick Take note published on August 6, we update our model to reflect the recent secondary offering and management’s latest guidance considerations following the partial closing of the announced Signature acquisition. We reiterate our Outperform rating and raise our price target to $38 (from $26) as we roll forward our valuation to next year."

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