Canaccord Genuity Maintains Buy on R1 RCM, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Close has maintained a Buy rating on R1 RCM (NASDAQ:RCM) but lowered the price target from $16 to $15.

May 09, 2024 | 7:01 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on R1 RCM but lowers the price target from $16 to $15.
The maintenance of a Buy rating by Canaccord Genuity suggests a positive outlook on R1 RCM's stock, indicating confidence in the company's future performance. However, the reduction in the price target from $16 to $15 may reflect a slight adjustment in expectations regarding the company's future growth or profitability, potentially due to new data or market conditions. This mixed signal could lead to a neutral short-term impact on the stock price, as the positive sentiment from maintaining a Buy rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100