Ensign Group price target raised to $200 from $190 at Truist

Truist raised the firm’s price target on Ensign Group (ENSG) to $200 from $190 and keeps a Hold rating on the shares. The firm is updating its model to reflect the company’s Q3 earnings beat and guidance raise, the analyst tells investors in a research note. Truist adds it is positive on Ensign’s local structure, unique M&A strategy and solid relative positioning, though it also notes that the labor market disruption and regulatory pressures have created sector challenges.