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Concentra assumed with an Overweight at JPMorgan

JPMorgan analyst Benjamin Rossi assumed coverage of Concentra (CON) with an Overweight rating and unchanged $31 price target The firm views current outpatient environment to be most favorable for companies with lower reimbursement exposure to federal funding. Concentra is the analyst’s top pick among outpatient names given the company’s lower exposure to federal spending programs.

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