Pennant Group (PNTG) Prices 3.5M Share Offering at $31/sh

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Stephens Reiterates Overweight Rating on The Pennant Group (PNTG)

October 7, 2024 1:27 PM EDT

Stephens analyst Scott Fidel reiterated an Overweight rating and $40.00 price target on The Pennant Group (NASDAQ: PNTG).

The analyst comments "PNTG announced the closing of its follow-on offering which included 4,025,000 primary shares, equating to gross proceeds of ~$124.8 million. PNTG expects to use the net... More