We like RHC, its started to deliver operationally after spending years in the shade and while it still has a long way to travel to test the dizzy heights when KKR bid $88 for the stock, we believe the next 20% is on the upside with a break above $45 feeling like a matter of time.
- We are bullish towards RHC, initially targeting a test of $50 as the healthcare sector regains its “Mojo.”
Trade Idea: Buy Ramsay Health Care (RHC) using a limit of $43.25, with stops at $39, around 10% risk.
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