RBC Capital Maintains Outperform on Pennant Gr, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ben Hendrix has maintained an 'Outperform' rating on Pennant Group (NASDAQ:PNTG) and raised the price target from $26 to $38.
October 23, 2024 | 1:50 pm
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POSITIVE IMPACT
RBC Capital has increased its price target for Pennant Group from $26 to $38, maintaining an 'Outperform' rating. This suggests a positive outlook for the stock.
The increase in price target from $26 to $38 by RBC Capital indicates a strong positive sentiment towards Pennant Group's future performance. The 'Outperform' rating suggests that the stock is expected to perform better than the market average, which is likely to attract investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100