Tenet Healthcare Analysts Boost Their Forecasts After Upbeat Q2 Earnings

Tenet Healthcare Corporation THC reported better-than-expected second-quarter earnings results.

Tenet Healthcare posted quarterly earnings of $1.44 per share, beating market estimates of $1.26 per share. The company’s quarterly sales came in at $5.08 billion versus expectations of $4.90 billion.

Tenet Healthcare said it sees third-quarter adjusted earnings of $0.94 to $1.28 per share on revenues of $4.9 billion to $5.1 billion.

Tenet Healthcare shares gained 3.2% to $77.11 on Tuesday.

These analysts made changes to their price targets on Tenet Healthcare following earnings announcement.

• Citigroup boosted the price target on Tenet Healthcare from $83 to $90. Citigroup analyst Jason Cassorla maintained a Buy rating.
• Stephens & Co. raised the price target on Tenet Healthcare from $87 to $89. Stephens & Co. analyst Scott Fidel maintained an Equal-Weight rating.
• RBC Capital boosted Saia price Tenet Healthcare from $84 to $87. RBC Capital analyst Ben Hendrix maintained an Outperform rating.
• UBS raised Tenet Healthcare price target from $95 to $104. UBS analyst Andrew Mok maintained a Buy rating.

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