Pennant Group jumps after Truist upgrades on growth outlook
Shares of home health care provider Pennant Group PNTG.O rise 3.22% in early trading session
Truist Securities upgrades PNTG to "buy" from "hold", citing solid operating trends, strong sector demand and reduced reimbursement risk after a favorable 2026 home health rule
The 2026 Medicare payment rates and policies from U.S. regulators for home health providers is less restrictive than expected, easing concerns over Medicare reimbursement for home health providers, brokerage says
Brokerage also raised PT to $34 from $28, a 19.7% upside to stock's last close
Truist analysts said the integration of Pennant’s $146.5 million acquisition of 54 Amedisys locations is progressing smoothly and margins are expected to normalize post-investment
6 of 6 brokerages rate the stock "strong buy" or "buy"; median PT is $35 — data compiled by LSEG
Including current session, PNTG up 10.54% YTD
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first t
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
