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Fly News Breaks for March 23, 2017
HCSG
Mar 23, 2017 | 07:53 EDT
Baird analyst Andrew Wittmann noted a short report on Healthcare Services that was published on Seeking Alpha. The analyst said the negative points mentioned in the article are well known, including the practice of rounding quarterly results up to the highest penny. He said the company's audit reports shows they were rounded down in seven of the past ten years and expects eventually the dust will settle, but not before the report weighs on the shares near-term. Wittmann maintained his positive stance and reiterated his Outperform rating and $46 price target on Healthcare Services shares.