Shares of Tenet Healthcare (THC - Get Report) were higher by 1.76% to $17.30 on Wednesday morning, following a rating upgrade to "outperform" from "market perform" at Leerink Partners.

The firm is bullish on the healthcare services company as it believes asset sales and the realignment of its business is on the right path. The firm is seeing margin expansion in the company's hospital segment and continual revenue diversification from the company's Conifer unit.

Tenet Healthcare is a Dallas-based company that operates hospitals, offers ambulatory care, and integrates healthcare delivery networks in urban and suburban markets in the U.S.

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