LHC Group: The Stock Remains Well-Positioned, Says Oppenheimer
In a research report issued today to investors, Oppenheimer analyst Michael Wiederhorn maintained an Outperform rating on LHC Group (NASDAQ:LHCG) with a $27 price target, following meetings with management.
Wiederhorn noted, “We attended meetings with LHC Group and believe the stock remains well-positioned due to a robust M&A pipeline, potential benefits from its point-of-care implementation and improved reimbursement visibility. Given an improved industry outlook, and LHC Group’s strong relative positioning, we would continue to be long-term buyers of the stock at current prices”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Michael Wiederhorn has a total average return of 18.3% and a 76.6% success rate. Wiederhorn has a -3.6% average return when recommending LHCG, and is ranked #135 out of 3318 analysts.