R1 RCM shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and announced a $16 price target.
Portfolio Pulse from Benzinga Newsdesk
R1 RCM shares have seen an increase in their trading value following an upgrade from Citigroup, moving from a Neutral to a Buy rating, with a new price target set at $16.
March 20, 2024 | 1:24 pm
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R1 RCM's stock value increased after Citigroup upgraded the rating to Buy from Neutral and set a price target of $16.
The upgrade by Citigroup from Neutral to Buy typically signals a positive outlook on the stock by analysts, which can lead to increased investor confidence and potentially drive up the stock price. The setting of a $16 price target further indicates a bullish view on the stock's future performance, likely contributing to the stock's increase in trading value.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100