Wells Fargo analyst Stephen Baxter raised the firm’s price target on Community Health to $5 from $3.50 and keeps an Equal Weight rating on the shares. The firm notes Hospital results and guides in Q2 generally exceeded expectations. Wells cites higher estimates and rolling forward for the price target raise. The firm expects the second half of 2024 fundamentals to remain fairly strong but 2025/2026 seems likely to be more normalized.
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