RBC Capital analyst Ryan Halsted initiated coverage of Healthcare Services (HCSG) with a Sector Perform rating and $22 price target The company is benefitting from improving unit economics and payor policies around clinical quality is a potential driver of increased demand for outsourcing of its non-clinical services, the analyst tells investors in a research note. However, RBC cites its concerns around labor supply and the stock’s valuation after the recent rally for the neutral rating.
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