Rochester, NY 8/17/2009 10:05:54 PM
Tenet Healthcare Corp., THC , Tenet Healthcare Stocks Moves on a Market High After Baird Ups Rating of the Company
Tenet Healthcare Corp.
Tenet Healthcare Inc. gained an upward move of 7.5% to $4.76 for its shares this is after Baird upped the hospital management company's rating to outperform from neutral. This is the first time Baird placed a buy rating on Tenet’s stock, based on the note that was released last Friday.
Historical volatility fueled recent concerns of the company, but analysts led by Whit Mayo said that they see the company exceeding expectations over the next six months because of the progress of the growth initiatives and its sustainable cost trend.
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