BMO Capital Issues Buy Rating for Aveanna Healthcare Holdings Amid Strategic Growth and Financial Performance
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BMO Capital has initiated a Buy rating for Aveanna Healthcare Holdings (AVAH), citing strong financial performance and strategic growth initiatives. The company's stock value has risen due to state reimbursement rate increases and effective cost management, reducing its leverage ratio. Aveanna's strategy to negotiate higher reimbursement rates allows for competitive caregiver wages, addressing supply-demand issues in home care. This approach is expected to boost patient volumes and long-term EBITDA growth. Barclays also maintains a Buy rating with a $9.00 price target.
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