Addus Homecare’s Promising Growth Trajectory: Buy Rating Supported by Strategic Expansion and Rate Increases
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Bank of America Securities analyst Joanna Gajuk maintains a Buy rating on Addus Homecare with a $147 price target, citing strategic expansion and rate increases. The company expects growth from rate updates in Texas and organic revenue growth in personal care. Strong hiring momentum and acquisitions bolster its expansion prospects. Despite challenges, Addus remains optimistic due to its solid financial position and proactive strategies. Another report also supports a Buy rating with a $124 target.
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