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Fly News Breaks for December 10, 2018
HCSG
Dec 10, 2018 | 08:43 EDT
Benchmark analyst Bill Sutherland noted that Healthcare Services Group shares fell 11% last week, which is partially due to client Senior Care Centers filing to reorganize under Chapter 11. However, Healthcare Services' estimated exposure is only $6M, and he believes this will be largely recovered assuming the company receives critical vendor status, as he said it normally does. Sutherland recommends using last week's pullback as a buying opportunity and keeps a Buy rating on Healthcare Services shares with a $50 price target.
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