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Pennant Group price target raised to $32 from $28 at Stephens

Stephens analyst Scott Fidel raised the firm’s price target on Pennant Group to $32 from $28 and keeps an Overweight rating on the shares. Pennant “continues to execute on all key themes we highlighted” and execution on M&A should allow the company to deliver 28% revenue growth in 2024, the analyst tells investors in a post-Q2 note.

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