Why Cano Health Is Up More Than 9% Today

Why Cano Health Is Up More Than 9% Today

Shares of primary care and health clinic company Cano Health (NYSE:CANO) are up 9.7% late on Monday following the initiation of analyst coverage by Credit Suisse. Cano Health sports a modest market cap of $2 billion, and its clinic network only drives on the order of $600 million worth of annual revenue. Cano Health has made a series of acquisitions in recent months, and Credit Suisse's marks the second bullish call on the company's approach.