Tenet Healthcare price target raised to $155 from $150 at Deutsche Bank

Deutsche Bank analyst Pito Chickering raised the firm’s price target on Tenet Healthcare to $155 from $150 and keeps a Buy rating on the shares. While the 83% year-to-date rally in the shares results in concerns around expectations into earnings and a potential pullback, Deutsche continues to see “substantial upside to numbers,” the analyst tells investors in a research note. The firm still sees “ample room” for Tenet’s multiple to expand from current levels.