Jefferies analyst Sean Dodge believes the 15% selloff in shares of Healthcare Services Group on the Chapter 11 filing of client Senior Care Centers is “way overblown.” After traveling with management, the analyst says he learned Healthcare Services is well positioned to recover all money it’s owed and should keep all services in place. Also notable, manager recruiting has resumed, paving the way for a second half of 2019 re-acceleration in revenue growth, Dodge tells investors in a research note. He keeps a Buy rating on Healthcare Services Group with a $52 price target.
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