Baird analyst Michael Ha initiated coverage of Tenet Healthcare with an Outperform rating and $153 price target. The firm started coverage on three Hospital companies with two having Outperform ratings and one with a Neutral rating. Baird believes Hospitals remain well positioned in 2024 to outperform expectations, but long term it remains cautious on the potential secular headwind that could be driven by Value Based Care, the analyst tells investors.
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