Mizuho lowered the firm’s price target on Ardent Health (ARDT) to $13 from $20 and keeps an Outperform rating on the shares. The company reported a disappointing quarter on elevated professional fees and payer denials, but “there is a path to mitigating these costs over time,” the analyst tells investors in a research note. The firm believes Ardent’s demand trends appear strong and support sales growth in the near- to medium-term.
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