Shares of hospital operator Tenet Healthcare jumped 7.6% in morning trading after Cantor Fitzgerald reiterated its Overweight rating on the stock with a $245.00 price target. The investment firm's survey results indicated improving patient acuity, an area where Tenet typically performs well. The positive outlook follows strong first-quarter 2026 earnings, where earnings per share of $4.82 surpassed expectations, and a recent credit rating upgrade from Moody's Ratings citing sustained debt reduction and strong earnings growth.
Tenet Healthcare CorporationCantor Fitzgerald reiterated Overweight rating with $245 price target, and strong Q1 earnings beat and Moody's upgrade support positive outlook.