Morgan Stanley Upgrades R1 RCM to Overweight, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Craig Hettenbach has upgraded R1 RCM (NASDAQ:RCM) from Equal-Weight to Overweight, while also lowering the price target from $17.5 to $17.
December 15, 2023 | 10:34 am
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POSITIVE IMPACT
R1 RCM was upgraded by Morgan Stanley from Equal-Weight to Overweight, indicating a positive outlook, but the price target was reduced from $17.5 to $17.
The upgrade to Overweight suggests that Morgan Stanley sees R1 RCM as a good investment opportunity and expects the stock to outperform. However, the reduction in the price target could slightly temper investor enthusiasm, as it may indicate a more conservative view on the company's valuation or growth prospects. Overall, the upgrade is likely to have a more significant positive impact on the stock price in the short term compared to the minor adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100