** Truist Securities updates price targets and rating on hospital operators for 2026
** Maintains "buy" for HCA Healthcare HCA.N; says "encouraging initial 2026 commentary around volume/demand which pointed to ongoing solid demand trends with volume growth within the long-term 2% - 3% range coupled with strong cost management"
** Brokerage expects "ongoing efficiencies coupled with continued benefits from AI and automation while professional fee growth continues to outpace inflation"
** Reiterates "buy" rating for Tenet Healthcare THC.N and sees "an ongoing upward bias vs. the ~$250M annual investment target"
** Maintains "buy" for Ardent Health ARDT.N as it expects volume trends to remain solid in 2026 and adjusted admissions and revenue per adjusted admission to grow by about 2% to 3%
Company | Old PT | New PT |
HCA Healthcare | $495 | $520 |
Tenet Healthcare | $220 | $240 |
Ardent Health | $13 | $13 |
(Reporting by Siddhi Mahatole)
((siddhi.mahatole@thomsonreuters.com))
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