Auna initiated with a Buy at Citi

Citi initiated coverage of Auna with a Buy rating and $14 price target. The analyst sees the company as well positioned to benefit from the secular growth drivers of low private penetration, subpar beds’ density, and the aging population throughout Spanish-speaking Latin America. The firm says Auna is the leading healthcare company providing integrated healthcare services in Spanish-speaking Latin America. It believes consistency in the execution of its business plan should allow the stock to re-rate over time.