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Jefferies upgrades Chemed to Buy, sees compounder multiple returning on Q3 beat

By · Via Investing.com Markets · Published by Everything Blog

In short

Wall Street firm Jefferies raised its investment recommendation on Chemed to Buy after the organization topped performance expectations in the third quarter. The upgrade centers on projections that the company will regain its compounder valuation multiple in the market. Continued operational execution across key divisions provided the necessary catalysts to drive the positive ratings shift.

Key points

  • Strong third-quarter financial execution triggered an immediate positive rating revision…: Strong third-quarter financial execution triggered an immediate positive rating revision from Wall Street analysts.
  • The return of a compounder multiple could drive long-term share price appreciation for cu…: The return of a compounder multiple could drive long-term share price appreciation for current market investors.
  • Outperforming quarterly expectations demonstrates ongoing business resilience and solidif…: Outperforming quarterly expectations demonstrates ongoing business resilience and solidifies Jefferies' confidence in the stock.

Original source: www.investing.com

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