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Chemed price target lowered to $572 from $589 at RBC Capital

RBC Capital lowered the firm’s price target on Chemed (CHE) to $572 from $589 and keeps an Outperform rating on the shares. The company reported solid Q3 results and reaffirmed full-year guidance, the analyst tells investors in a research note. While adjusted EBITDA in both VITAS and Roto-Rooter was slightly below Street consensus, the print was in line with the management’s expectations and serves as reaffirmation of its confidence in navigating challenges, RBC added.

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