Concentra rises; Jefferies initiates rating with 'buy'

Concentra group Parent

16/10/2026 13:33

** Occupational health services co Concentra's CON.N shares rise 1.66% to $39.80 premarket
** Jefferies initiates coverage on stock with 'buy' rating; PT of $47 implies a 20% upside to stock's last close
** Brokerage sees a dominant, high-quality occupational health leader with roughly 25% market share
** Sees a structurally advantaged payor mix that improves its risk profile
** Expects volume growth to hold up, citing rising blue-collar workforce additions, data center construction, and U.S. onshoring
** All 10 brokerages covering the stock are bullish; median PT - $40.50 - data compiled by LSEG
** As of last close, stock up ~99% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))