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Tenet Healthcare price target raised to $225 from $210 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Tenet Healthcare (THC) to $225 from $210 and keeps an Overweight rating on the shares. The firm has increased estimates following “the strong beat,” but did not flow all the Q2 upside through to 2026 given uncertainty around the path forward for exchanges, the analyst tells investors in a post-earnings note.

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