Aveanna price target raised to $5 from $3 at RBC Capital

RBC Capital analyst Ben Hendrix raised the firm’s price target on Aveanna to $5 from $3 and keeps a Sector Perform rating on the shares after its Q2 earnings beat. The firm is encouraged by the company’s continued execution on both state legislative initiatives and preferred payor arrangements, which support stronger capacity across Aveanna’s platform, the analyst tells investors in a research note.