Analysts have been eager to weigh in on the Services sector with new ratings on Tenet Healthcare (THC) and Wendy’s (WEN).
Tenet Healthcare (THC)
In a report released yesterday, Steven Valiquette from Barclays maintained a Hold rating on Tenet Healthcare, with a price target of $27. The company’s shares closed yesterday at $24.64.
According to TipRanks.com, Valiquette is a 4-star analyst with an average return of 6.1% and a 48.8% success rate. Valiquette covers the Services sector, focusing on stocks such as Patterson Companies Inc, WellCare Health Plans, and Molina Healthcare.
Currently, the analyst consensus on Tenet Healthcare is a Hold with an average price target of $32.60, representing a 32.3% upside. In a report released yesterday, Piper Jaffray also reiterated a Hold rating on the stock with a $28 price target.
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Wendy’s (WEN)
Barclays analyst Jeff Bernstein maintained a Buy rating on Wendy’s yesterday and set a price target of $20. The company’s shares closed yesterday at $17.08.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 7.9% and a 69.7% success rate. Bernstein covers the Services sector, focusing on stocks such as Cheesecake Factory, BJ’s Restaurants, and McDonald’s Corp.
Currently, the analyst consensus on Wendy’s is a Strong Buy with an average price target of $20.70, which is a 21.2% upside from current levels. In a report issued on October 22, Longbow Research also maintained a Buy rating on the stock with a $24 price target.
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