Jefferies Turns Bullish On This Rehab Provider On Improved Traffic Data

Jefferies upgraded ATI Bodily Remedy Inc (NYSE:ATIP) inventory to Purchase from Maintain with a worth goal of $5, up from $3.50.

  • The elevated worth goal represents about 65% upside to the January 13 closing worth of $3.04, however nonetheless a roughly 30% low cost to ATI’s closest peer.
  • The analyst Stephanie Wissink is “leaning closely” into the agency’s proprietary set of alt knowledge to validate current checks that recommend improved visitors, visits, and volumes and the view that “the worst is previous” for ATI. 
  • Associated: ATI Bodily Remedy Inventory Falls As Q3 Gross sales Path Avenue View, Affected person Quantity Softens.
  • ATI is a rehabilitation supplier. The corporate focuses on research-based bodily remedy, employees’ compensation rehab, employer worksite options, sports activities drugs, dwelling well being, and varied specialty therapies.
  • Additionally See: Inventory Wars: ATI Bodily Remedy Vs. US Bodily Remedy
  • With roughly 900 places nationwide, the corporate has dealt with greater than 2.5 million distinctive affected person circumstances. 
  • The analyst’s same-store foot visitors tracker suggests ongoing month-to-month restoration good points, who contends {that a} visitors restoration is a sign that unit volumes are returning to a pre-pandemic sample. 
  • Value Motion: ATIP shares are up 20.89% at $3.68 throughout the market session on the final examine Friday.


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