BUZZ-Concentra shares rise; Jefferies initiates with “Buy” rating

October 16 - ** Occupational health services company Concentra (ticker symbol: CON.N) saw its share price rise 1.66% to $39.80 in pre-market trading

** Jefferies initiated coverage on the stock with a “Buy” rating; the $47 price target represents 20% upside from the previous session’s close

** The brokerage believes the company is a dominant and high-quality leader in occupational health services, with a market share of around 25%

** It believes the company has a structurally advantageous payer mix, which helps improve its risk profile

** Business volume growth is expected to remain solid, citing ongoing increases in blue-collar workers, data center construction, and the reshoring of US industry

** All 10 brokerages covering the stock are bullish; the median price target is $40.50—data compiled by LSEG

** As of the previous session close, the stock is up about 99% year-to-date

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