Pennant Group initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of Pennant Group (PNTG) with an Equal Weight rating and $33 price target The firm says Pennant is a provider of home health services, hospice services, and senior living. While Pennant’s recent growth has been “very strong,” this will normalize some in 2025 and broader healthcare policy uncertainty will be an overhang on the shares, the analyst tells investors in a research note.