$ATIP Jefferies upgraded ATI Physical Therapy Inc (NYSE:ATIP) stock to Buy from Hold with a price target of $5, up from $3.50. The increased price target represents about 65% upside to the January 13 closing price of $3.04, but still a roughly 30% discount to ATI's closest peer. The analyst Stephanie Wissink is "leaning heavily" into the firm's proprietary set of alt data to validate recent checks that suggest improved traffic, visits, and volumes and the view that "the worst is past" for ATI.
1