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THC

Tenet

$14.82

-0.62 (-4.02%)

12:44
01/08/18
01/08
12:44
01/08/18
12:44

Tenet: Job eliminations to reach approximately 2,000 positions

Says executing on cost reduction plans to realize $250M in run-rate savings by the end of 2018. Says has initiated a process to sell Conifer. Says reducing corporate overhead by 20% compared to 2016. Says eliminated regional management layer in hospital business. Says further streamlining USPI. Sees realizing $125M in cost reductions in 2018, sees exiting 2018 with $250M of run-rate savings. Sas planning divestitures of non-core markets in the near term, including Aspen, Philadelhpia, and Chicago. Says focusing capital investments on services for chronic disease patients, higher acuity care, ambulatory access points, and tele-medecine. Says plans to buy-up to 95% stake in futher integrate USPI into the company's healthcare delivery business. Says demographics and patient demand remain attractive. Comments taken from the JPMorgan Healthcare Conference presentation.

  • 08

    Jan

THC Tenet
$14.82

-0.62 (-4.02%)

12/20/17
MSCO
12/20/17
DOWNGRADE
MSCO
Underweight
Tenet downgraded to Underweight from Equal Weight at Morgan Stanley
12/20/17
MSCO
12/20/17
DOWNGRADE
MSCO
Underweight
HCA Healthcare, Tenet downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Zack Sopcak downgraded HCA Healthcare (HCA) and Tenet (THC), both to Underweight from Equal Weight, contending that the recently announced deals made by Aetna (AET) for CVS Health (CVS) and UnitedHealthcare (UNH) for DaVita Medical Group highlight the ways payers are becoming increasingly vertically integrated and focusing on reducing medical costs. After analyzing CVS Health's overlap with hospitals and hospitals' exposure to CVS and UnitedHealth (UNH) clinics in states with above average Medicare Advantage share, Sopcak found HCA and Tenet to be most exposed, he tells investors. Noting that he sees the valuations of both as full, he raised his price target on HCA to $84 from $79 and increased his target on Tenet to $15 from $14.
12/20/17
LEER
12/20/17
NO CHANGE
Target $27
LEER
Outperform
Value may be unlocked through Tenet sale of Conifer, says Leerink
Leerink analyst Ana Gupte raised her price target for Tenet to $27 from $25 on increased confidence that value may be unlocked through the active sale of Conifer. The analyst believes Conifer sales proceeds could be used for further debt reduction or growth opportunities in the ambulatory segment. He reiterates an Outperform rating on the shares.
01/03/18
GSCO
01/03/18
INITIATION
Target $15
GSCO
Neutral
Tenet initiated with a Neutral at Goldman Sachs
Goldman analyst Stephen Tanal initiated Tenet with a Neutral and $15 price target due to unattractive payor mix, difficult local positioning, and competitive threats.

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UAL

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FB

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ASB

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DKL

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NTIP

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SIGM

Sigma Designs

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X

U.S. Steel

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UAL

United Continental

$77.97

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AUO

AU Optronics

$4.69

0.03 (0.64%)

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AGII

Argo Group

$65.10

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MGNX

MacroGenics

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LPL

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GDS

GDS Holdings

$26.75

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NAVI

Navient

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FHN

First Horizon

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FHN

First Horizon

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SD

SandRidge Energy

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CQP

Cheniere Energy Partners

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GORO

Gold Resource

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TRMK

Trustmark

$33.53

-0.03 (-0.09%)

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Earnings
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