Tenet Healthcare upgraded to "equal weight"

New Ratings
Tuesday, January 20, 2004 12:49:53 PM ET
Lehman Brothers

NEW YORK, January 20 (New Ratings) — Analyst Adam T Feinstein of Lehman Brothers upgrades Tenet Healthcare (THC) from "underweight" to "equal weight." The target price has been raised from $14 to $22.
In a research note published this morning, the analyst mentions that Tenet Healthcare is poised to benefit in the near term from its recent turnaround initiatives. Lehman Brothers anticipates a robust upturn in the company’s earnings growth momentum by 2005, after a sharp decline in its earnings in 1H04.