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Fly News Breaks for July 18, 2018
HCSG
Jul 18, 2018 | 06:20 EDT
Stifel analyst Chad Vanacore downgraded Healthcare Services Group to Sell and cut his price target for the shares to $35 from $44 following the company's Q2 results. The analyst expects Healthcare Services' growth to slow, margins to be constrained and cash collections to slow from "deteriorating fundamentals" in the skilled nursing end client. As such, Vanacore thinks the company's valuation multiple will be "constrained below historical trading range."
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HCSG
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