UBS raised the firm’s price target on Tenet Healthcare (THC) to $238 from $230 and keeps a Buy rating on the shares. Tenet’s Q2 adjusted EBITDA was ahead of consensus by $125M, while the acute segment beat by $110M and the United Surgical Partners International segment was $15M ahead, the analyst tells investors in a research note. While uncertainty around the exchanges and Medicaid policy changes are a concern for hospitals, the firm expects USPI to continue delivering strong organic and inorganic growth.
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