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Fly News Breaks for March 19, 2019
HCSG
Mar 19, 2019 | 09:05 EDT
Jefferies analyst Sean Dodge said webscrapes of Healthcare Services job postings over the past four months point to a 50% increase in new Dining manager hiring efforts, which increases his confidence in a revenue growth re-acceleration in the second half of the year. Manager "stockpiling" will be a temporary drag on margins, but he thinks consensus estimates already appear to reflect this, Dodge tells investors. He maintains a Buy rating and $48 price target on Healthcare Services shares.
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