Guggenheim Maintains Buy on R1 RCM, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Jack Wallace has maintained a Buy rating on R1 RCM (NASDAQ:RCM) but lowered the price target from $17 to $15.
April 05, 2024 | 2:34 pm
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NEUTRAL IMPACT
Guggenheim maintains a Buy rating on R1 RCM but lowers the price target from $17 to $15.
While the maintenance of a Buy rating indicates continued confidence in R1 RCM's fundamentals and growth potential, the reduction in the price target could suggest a reassessment of the company's near-term valuation or growth prospects. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100