RBC Capital raised the firm’s price target on Ensign Group (ENSG) to $206 from $177 and keeps an Outperform rating on the shares after its Q3 earnings beat. The firm was pleased to see Ensign deliver strong performance, with the company posting a beat and raise with adjusted EBITDAR 3.0% above consensus as it exhibited consistent operational momentum supported by improvements in same-store and transitioning facility metrics, the analyst tells investors in a research note.
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