Barclays Initiates Coverage On Addus HomeCare with Equal-Weight Rating, Announces Price Target of $88
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Andrew Mok initiates coverage on Addus HomeCare (ADUS) with an Equal-Weight rating and sets a price target of $88.

March 06, 2024 | 11:14 am
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Barclays initiated coverage on Addus HomeCare with an Equal-Weight rating and a price target of $88.
The initiation of coverage by Barclays with an Equal-Weight rating and a specific price target provides a neutral outlook for Addus HomeCare. This suggests that Barclays views the stock as fairly valued at its current price, with potential for growth to reach the $88 target. However, as this is a new coverage, the market's reaction may be moderate, reflecting the neutral stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100