TD Cowen Reiterates Buy Rating on R1 RCM Inc (RCM)

TD Cowen analyst Charles Rhyee reiterated a Buy rating and $20.00 price target on R1 RCM Inc (NASDAQ: RCM).

The analyst commented, "We think NMC's amended offer of $13.25/shr significantly undervalues RCM and we doubt min. shareholders would vote in favor of this deal. NT impacts from Change and Ascension are transitory and don't impact RCM's LT underlying earnings power. Discussion w/ mgmt suggests that w/o Change/Ascension, focus would be on strong op. perf, modular growth, solid pipeline, and on-track Providence onboarding."

For an analyst ratings summary and ratings history on R1 RCM Inc click here. For more ratings news on R1 RCM Inc click here.

Shares of R1 RCM Inc closed at $12.56 yesterday.

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