Enhabit rises; Stifel starts coverage with 'buy'

Enhabit

06/12/2022 16:49

** Shares of home-based healthcare provider Enhabit Inc
 EHAB.N  up 3.6% at $14.20
    ** Brokerage Stifel initiates coverage on the stock with
"buy" rating and PT of $17
    ** Enhabit has built scale and density as a top home health
services provider in half of the 34 states it operates in -
Stifel
    ** Through acquisition as well as co-locating hospice
services, company grew revenue and adj EBITDA by 14% and 17%,
respectively, from 2015 to 2021, says brokerage
    ** Stifel, however, notes plenty of operating challenges for
company in near term
    ** 2 of 6 brokerages rate stock "buy" or higher, 3 "hold", 1
"sell"; median PT is $17 - Refinitiv
    ** Including session's move, stock down 45.3% since its June
IPO
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com))