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U.S. Physical Therapy upgraded to Buy from Neutral at BofA

BofA analyst Joanna Gajuk upgraded U.S. Physical Therapy (USPH) to Buy from Neutral with a price target of $115, up from $100. The firm sees a path of recovery from the recent labor pressure and notes that the company is back in the acquisition mode, which BofA calls “an important element of the company’s growth story.” In addition, the firm views U.S. Physical Therapy as relatively less exposed to pos-telection headlines and uncertainty that hospitals will face in 2025, the analyst added.

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