Wednesday, May 20, 2009 11:15:37 AM
THC -
May 19, 2009, 11:09 a.m. EST
Tenet Healthcare rallies on Goldman upgrade
http://www.marketwatch.com/story/tenet-healthcare-rallies-on-goldman-sachs-upgrade
By Steve Gelsi, MarketWatch
May 19,2009
NEW YORK (MarketWatch) - Shares of Tenet Healthcare rallied as much as 20% on Tuesday after Goldman Sachs upgraded the company to buy from neutral and said the share value of the hospital operator could double.
Tenet Healthcare (THC 2.77, +0.52, +23.11%) jumped 42 cents, or 19%, to $2.67 on Tuesday morning.
Goldman Sachs analyst Shelly Gnall cited a favorable view of urban markets, continued margin improvement and removal of a leverage overhang as credit markets normalize.
Goldman lifted its price target for Tenet to $5 a share from $1 a share, and said the stock still has room to move up.
May 19, 2009, 11:09 a.m. EST
Tenet Healthcare rallies on Goldman upgrade
http://www.marketwatch.com/story/tenet-healthcare-rallies-on-goldman-sachs-upgrade
By Steve Gelsi, MarketWatch
May 19,2009
NEW YORK (MarketWatch) - Shares of Tenet Healthcare rallied as much as 20% on Tuesday after Goldman Sachs upgraded the company to buy from neutral and said the share value of the hospital operator could double.
Tenet Healthcare (THC 2.77, +0.52, +23.11%) jumped 42 cents, or 19%, to $2.67 on Tuesday morning.
Goldman Sachs analyst Shelly Gnall cited a favorable view of urban markets, continued margin improvement and removal of a leverage overhang as credit markets normalize.
Goldman lifted its price target for Tenet to $5 a share from $1 a share, and said the stock still has room to move up.
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