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Fly News Breaks for April 18, 2018
HCSG
Apr 18, 2018 | 07:24 EDT
As previously reported, Stifel analyst Chad Vanacore downgraded Healthcare Services to Hold from Buy, noting the risk he sees that credit quality deterioration in the company's base of skilled nursing clients could keep shares range-bound in the near-term. He also lowered his 2018 estimates, largely to account for fewer new contract additions early in the year as the company shifts some of its focus to collections rather than selling. Vanacore cut his price target on Healthcare Services to $44 from $57.