Stephens raised the firm’s price target on Ensign Group (ENSG) to $160 from $155 and keeps an Overweight rating on the shares. The company continues to showcase its ability to consistently compound revenue and adjusted EPS on a mid-teens plus basis, says the analyst after Ensign’s Q4 report. On the M&A front, Ensign called out a growing pipeline of opportunities and the firm sees the company normalizing its acquisition mix towards turnaround opportunities, which it says will “further set a foundation” for long-term embedded earnings capture.
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