Tenet Healthcare (THC) PT Raised to $65 at Jefferies

February 10, 2021 8:59 AM EST
Get Alerts THC Hot Sheet
Price: $52.19 +2.80%

Rating Summary:
    15 Buy, 11 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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Jefferies analyst Brian Tanquilut raised the price target on Tenet Healthcare (NYSE: THC) to $65.00 (from $60.00) while maintaining a Buy rating.

The analyst commented, "While THC's Q4 results were in line with mgmt's pre-released comments in Jan, we viewFY21 guidance ranges, which were above-Street on all metrics, as bullish signs that should drive NT stock upside. We remain bullish on THC and view mgmt's recently-issued3-yr guidance ranges (incl expectation that USPI will comprise >50% of EBITDA in 3 yrs)as key drivers of meaningful multiple expansion and stock upside."

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