Why Tenet Healthcare Dived 13% on Monday

Why Tenet Healthcare Dived 13% on Monday

Tenet Healthcare (NYSE: THC) really took it on the chin Monday. Analyst Gary Taylor of J.P. Morgan eviscerated his price target on the healthcare facilities operator's stock, chopping it down to $20 from the former $28. The prognosticator wrote that Tenet has made a number of smart acquisitions and divestments that have resulted in a "material strategic transformation."