Evercore ISI Group Downgrades R1 RCM to In-Line, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Elizabeth Anderson downgraded R1 RCM (NASDAQ:RCM) from Outperform to In-Line, while raising the price target from $12 to $16.

February 28, 2024 | 11:00 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
R1 RCM was downgraded by Evercore ISI Group from Outperform to In-Line, but the price target was raised from $12 to $16.
The downgrade to In-Line suggests a neutral outlook on R1 RCM's stock performance in the short term, indicating that the stock might perform in line with the market or sector. However, the increase in the price target from $12 to $16 reflects a positive adjustment in the expected valuation of the company, suggesting that the analyst sees potential for growth or recovery in the stock's value. The mixed signals could lead to a neutral short-term impact on the stock price as investors weigh the downgrade against the higher price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100