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Tenet’s stock jumps 9% on analyst upgrade
Modern Healthcare

Tenet Healthcare’s stock price jumped 9% Wednesday as securities firm Susquehanna boosted the system’s rating to positive from neutral.

The price leap put Tenet’s stock in positive territory for 2016. It ended the day at $31.73, up $2.69 from the $29.05 it closed at Tuesday. Tenet ended a rough 2015 at $30.30.

Last week, Tenet fell out of the Standard & Poor’s 500, a blue-chip stock index.

Tenet’s stock traded as high as $60.78 last July before investors bailed on signs of flattening volumes from the Affordable Care Act and a steep earnings slide in the second half of the year.