Leerink Partners maintain a Market Perform rating on Tenet Healthcare (NYSE: THC), and raised the price target to $60.00 (from $56.00), following a favorable Supreme Court ruling yesterday.

Analyst Ana Gupte commented, "SCOTUS ruled yesterday on King v. Burwell in favor of the government with vote count of 6-3 and saved ~6.4MM subsidized enrollees' insurance coverage on Federal Exchanges in 34 states from losing their coverage. THC had a 5% EBITDA exposure to an adverse SCOTUS ruling and as the looming overhang from that clears, we expect THC, along with other hospitals, to re-rate. We are raising our price target to $60 (from $56)."

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Shares of Tenet Healthcare closed at $56.21 yesterday.