Truist lowered the firm’s price target on DaVita (DVA) to $164 from $170 and keeps a Hold rating on the shares. The firm has adjusted its estimates to reflect the company’s Q1 results and notes that while it remains positive on its core dialysis business and the potential opportunity tied to integrated care longer term, it also views its near-term fundamentals as mixed, with improved capital efficiency to be somewhat offset by slower organic volume trends, the analyst tells investors in a research note.
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