Ardent Health price target lowered to $18 from $19 at Mizuho

Mizuho lowered the firm’s price target on Ardent Health (ARDT) to $18 from $19 and keeps an Outperform rating on the shares. The firm surveyed 215 physicians over 13 specialties to gauge hospital inpatient and outpatient trends during Q1. The survey suggests both inpatient and outpatient growth trends, while still elevated, appear to have peaked, the analyst tells investors in a research note. Mizuho views the survey as positive for managed care and clinical labs and neutral for hospitals.