Pacs Group price target raised to $32 from $30 at RBC Capital

RBC Capital raised the firm’s price target on Pacs Group to $32 from $30 and keeps an Outperform rating on the shares. The company’s Q1 results were “strong”, and its FY24 revenue and adjusted EBITDA guidance came in ahead of consensus, supported by strong occupancy and solid reimbursement, the analyst tells investors in a research note.