Morgan Stanley Overweight On RadNet

Morgan Keegan is out with a research report on RadNet, Inc. RDNT and it has an Outperform rating and a $5.15 price target on shares. In a note to clients, Morgan Keegan writes, "Our EPS estimate of $0.05 is $0.01 below the First Call consensus and up from $0.02 in the prior year period. However, we believe a better measure of RadNet profitability is adjusted EBITDA. We have modeled $30 million versus $27.4 million in the prior year period. Since adjusted EBITDA is a non-GAAP measure there is no consensus estimate." Shares of RDNT gained 17 cents on Friday to close at $3.75.