B of A Securities Maintains Buy on Acadia Healthcare Co, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Kevin Fischbeck maintains a Buy rating on Acadia Healthcare Co (NASDAQ:ACHC) but lowers the price target from $105 to $90.

May 02, 2024 | 4:42 pm
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B of A Securities maintains a Buy rating on Acadia Healthcare Co but lowers the price target from $105 to $90.
The maintenance of a Buy rating suggests a positive outlook on Acadia Healthcare Co's fundamentals by B of A Securities. However, the reduction in the price target could reflect a revised expectation of future performance, possibly due to external factors affecting the sector or company-specific challenges. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market absorbs and reacts to these adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100