UPDATE: Stifel Nicolaus Raises PT to $22 on Healthcare Services Group as Margins Bounce Back

Stifel Nicolaus reiterated its Buy rating on Healthcare Services Group

and increased its price target from $21 to $22. Stifel Nicolaus noted, "Healthcare Services Group, Inc. announced second quarter earnings of $0.17, matching our estimate. … We believe that the quarter's results substantiates our investment thesis that current pressures on nursing home reimbursements will drive new business, with the integration of new customers and the leveraging of an underutilized management infrastructure in the company's dietary business line leading to margin improvement." Healthcare Services Group closed at $19.63 on Tuesday.