BMO Capital raised the firm’s price target on Healthcare Services (HCSG) to $24 from $22 and keeps a Market Perform rating on the shares. The company’s Q1 revenue and EBITDA exceeded consensus, but while execution was solid, the firm notes that the majority of the upside was driven by lumpy items like workers’ comp and bad debt, the analyst tells investors in a research note.
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Read More on HCSG:
- Healthcare Services price target raised to $30 from $28 at Benchmark
- Healthcare Services price target lowered to $23 from $26 at Baird
- Healthcare Services reports Q1 EPS 37c, consensus 22c
- Healthcare Services Amends Credit Facility to Extend Maturity
- Healthcare Services initiated with a Sector Perform at RBC Capital