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 2017||PiperJaffray||Initiates Coverage On||Neutral|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.