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Pennant Group price target raised to $31 from $30 at Wells Fargo

Wells Fargo raised the firm’s price target on Pennant Group (PNTG) to $31 from $30 and keeps an Equal Weight rating on the shares. The firm cites a strong Q1 across segments, with Home Health & Hospice outperformance as more notable. Wells is increasing estimates based on Q1 performance, high-end of guidance commentary and positive update on Signature integration process.

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