Tenet gets 'overweight' rating as Morgan Stanley initiates coverage

Tenet Healthcare

26/03/2025 18:35

** Brokerage Morgan Stanley starts coverage on hospital operator Tenet Healthcare THC.N with "overweight" rating and $165 PT

** New PT represents 26.2% upside to the stock's last close

** Brokerage says significant changes in business model and balance sheet not yet reflected in THC's stock price

** Brokerage believes co is well-positioned to benefit from the shift towards outpatient care as outpatient visits have grown ~30% from 2000 to 2022, driven by technological enhancements, reimbursement changes and consumer preferences

** Notes THC's key growth areas include orthopedics, urology, cardiology, GI and cancer

** Including session moves, THC stock up 4.5% YTD

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com;))