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Fly News Breaks for June 27, 2018
HCSG
Jun 27, 2018 | 05:55 EDT
Jefferies analyst Sean Dodge upgraded Healthcare Services to Buy from Hold and raised his price target to $53 from $40, telling investors in a research note that the stock's 26% pullback due to concerns around margins and the health of its end-market presents a rare buying opportunity. These fears are overblown, Dodge contends, as the margin pressure is temporary and not structural and while skilled nursing faces headwinds, the outlook is improving.
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