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Fly News Breaks for May 1, 2019
May 1, 2019 | 07:51 EDT
SunTrust analyst David MacDonald lowered his price target on Tenet to $27 to reflect lower market multiples in the industry. The analyst also keeps his Hold rating on the stock, saying that while the company's Q1 results saw solid volume trends and progress on the management's efficiency initiatives, he sees "continued operational execution and free cash flow generation" as key.
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