Raymond James downgraded Tenet Healthcare (THC) to Outperform from Strong Buy with an unchanged price target of $195. The firm expects a reduction in the Affordable Care Act exchange population in 2026 “due to the sunsetting of enhanced subsidies.” There is growing investor hospital group concerns about a number of other risks, including the explosive growth in state-directed payments, risks to Medicaid and the potential re-emergence of the site neutral debate, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THC:
- Commure to deploy Commure Scribe on Tenet Physician Resources
- Tenet Healthcare management to meet with Truist
- Tenet Healthcare price target raised to $190 from $171 at Barclays
- Tenet Healthcare price target raised to $205 from $195 at Wells Fargo
- Tenet Healthcare price target raised to $190 from $180 at Truist