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Fly News Breaks for November 21, 2019
HCSG
Nov 21, 2019 | 16:16 EDT
RBC Capital analyst Sean Dodge initiated coverage of Healthcare Services Group with a Sector Perform rating and $26 price target, saying that while Healthcare Services has historically been "insulated" from the struggles of its clients, a recent spate of restructurings has weighed on revenue, margin, and the stock, which is down 56% since early last year. Dodge said he likes the long-term opportunity, but wants more evidence that the "worst is over" before getting more constructive with his rating.
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