Healthcare Services Group, Inc. Reports Q3 2022 Results
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Benchmark Upgrades Healthcare Services Group (HCSG) to Buy, 'Ready to Rebound Even in a Recession'
October 20, 2022 6:14 AM EDTBenchmark analyst Bill Sutherland upgraded Healthcare Services Group (NASDAQ: HCSG) from Hold to Buy with a price target of $18.00.
The analyst comments "We are raising our rating on HCSG to Buy (from Hold) with a 12-month price target of $18. Our upgrade is based on: 1) largely complete re-contracting process positioning HCSG to achieve targeted gross margins during 2023; 2) HCSGs recently demonstrated ability to offset facility exits (required... More
