William Blair initiates Apollo Medical at 'outperform'

Astrana Health

21/09/2022 14:23

** William Blair initiates Apollo Medical Holdings Inc's
 AMEH.O  coverage with "outperform" rating 
    ** AMEH should be one of the fastest-growing companies in
our coverage universe over the next 5 years - William Blair
    ** Believes co's primary care business model provides it a
unique profitability edge over market competitors 
    ** Also says AMEH's platform currently addresses needs of
48.5 mln primary care physicians and 53.5 mln physician
specialists in the United States
    ** 2 of 3 brokerages covering the stock rate "buy" or
higher, 1 "hold"; their median PT is $47.5
    ** Up to Tuesday's close, stock had fallen ~47% YTD

 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com;))