UPDATE: Morgan Stanley Initiates Tenet Healthcare at Equal-Weight on Limited Upside
Morgan Stanley initiated Tenet Healthcare (NYSE: THC) with an Equal-weight rating.
Morgan Stanley noted, "THC has consolidated its footprint over the last several years with 49 hospitals, down from 69 in 2006. Its urban market focus has shown greater resilience to utilization pressure. However high exposure to potential reimbursement cuts including specifically IME/GME payments will limit upside in the near-term."
Tenet Healthcare closed at $35.75 on Wednesday.
Latest Ratings for THC
|Jan 2016||Mizuho Securities||Upgrades||Neutral||Buy|
|Jan 2016||Wells Fargo||Downgrades||Outperform||Market Perform|
|Dec 2015||Credit Suisse||Initiates Coverage on||Neutral|
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