Tenet upgraded by Soleil, shares rise

FoxBusiness.com, December 4, 2009

Soleil Securities upgraded Tenet Healthcare to "buy" from "hold" with a price target of $6.25. Tenet has recently begun a strong recovery from seven years of bad credit stemming from Medicare fraud, the brokerage firm said. Soleil said that for the first time in a year all the hospital stocks outperformed consensus expectations on the EPS, revenue, and EBITDA lines.


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