Rochester,NY 8/15/2009 1:00:53 AM
Tenet Healthcare Corporation, THC - Rise in the Tenet Healthcare stocks
Tenet Healthcare Corporation
Tenet Healthcare Inc. shares raised 7.5% to $4.76 after the Baird up the hospital management company's rating to outperform from neutral, according to a note released Friday.
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This is the first time the brokerage has placed a buy rating on Tenet's stock. Historical volatility fueled previous concerns, but analysts led by Whit Mayo said they see Tenet exceeding expectations over the next six months because of progress with growth initiatives and sustainable cost trends
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