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U.S. Physical Therapy price target lowered to $110 from $120 at JPMorgan

JPMorgan lowered the firm’s price target on U.S. Physical Therapy (USPH) to $110 from $120 and keeps an Overweight rating on the shares. Following Q4 earnings, the firm is updating its estimates, noting that for 2025 it increased its revenue estimate to $747M while bringing down its adjusted EBITDA estimate to $91M. For 2026, the firm increased its revenue estimate to $794M while maintaining its adjusted EBITDA estimate at $101M, the analyst added.

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