Aveanna price target raised to $12.50 from $11 at Jefferies

Jefferies raised the firm’s price target on Aveanna (AVAH) to $12.50 from $11 and keeps a Buy rating on the shares after the company announced a secondary offering of 10M shares along with preliminary Q3 results last week. The preliminary results reflect management’s success in securing favorable reimbursement, driving volume and EBITDA growth, the analyst tells investors.