Tenet could goose share price $9 by selling hospitals - Deutsche Bank

|About: Tenet Healthcare Corpo... (THC)|By:, SA News Editor

Deutsche Bank analyst Chris Rigg says Tenet Healthcare (NYSE:THC) could boost its share price as much as $9 by selling nine hospitals with low market share in seven markets. The facilities, which generate ~$1.74B in revenues and $50M in EBITDA annually, could fetch $87M - 1.27B. He believes asset divestitures could be a more positive near-term catalyst for the company.

He rates the stock a Buy with a $28 (87% upside) price target.

Source: Bloomberg