Pacs Group price target raised to $40 from $32 at Truist

Truist raised the firm’s price target on Pacs Group (PACS) to $40 from $32 and keeps a Buy rating on the shares. The firm remains bullish on the stock following upbeat management meetings highlighting the company’s strong positioning, enhanced compliance/regulatory rigor post completion of the internal investigation, and attractive underlying trends, the analyst tells investors in a research note. Ongoing expansion activity further complements the solid core trends at Pacs, Truist added.