Stephens analyst Scott Fidel initiated coverage of 11 Managed Care and Healthcare Facilities stocks, telling investors that overall he is constructive on managed care and selective on hospitals. He started Tenet with an Equal Weight rating and $23 price target, stating that the market's increased volatility could further complicate its efforts to sell Conifer at an attractive valuation. The persistent underperformance of the hospital segment and ongoing divestiture program make it hard to forecast more than low-single digit annual revenue and EBITDA growth, said Fidel.