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UPDATE: Deutsche Bank Raises PT on Tenet Healthcare Corp. on Continued Good Outlook

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In a report published Friday, Deutsche Bank reiterated its Buy rating on Tenet Healthcare Corp. (NYSE: THC), and raised its price target from $43.00 to $46.00.

Deutsche Bank noted, “We continue to believe an upside risk to THC's valuation is its Conifer segment, which is growing at a faster pace than the overall enterprise and could begin to differentiate THC's multiple once Conifer's stand-alone (non-THC) EBITDA is convincing enough to the market. Finally, we note that our valuation framework does not include THC's NOL, which provides an additional $3-4 of cushion to the valuation. Key risks include: Medicare/Medicaid cuts, implementation risks of PPACA, HCIT conversions, M&A integration, state exposures in Texas, Florida and California.”

Tenet Healthcare Corp. closed on Thursday at $41.76.

Latest Ratings for THC

DateFirmActionFromTo
Sep 2014Deutsche BankMaintainsBuy
Aug 2014Credit SuisseMaintainsNeutral
Aug 2014Raymond JamesUpgradesMarket PerformOutperform

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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