UPDATE: Stifel Nicolaus Raises PT to $23 on Healthcare Services Group, Reiterates Buy
Stifel Nicolaus maintained its Buy rating on Healthcare Services Group (NASDAQ: HCSG) and raised its price target from $22 to $23.
Stifel Nicolaus commented, "We have adjusted our model to incorporate Healthcare Services Group's Form 10-Q filed after the close on Friday. There were no surprises as the filing confirmed the solid second quarter growth. We are also nudging our price target up from $22 to $23 in recognition of two potential growth drivers not included in our model: a renewal of the Job Opportunity Tax Credit (worth about $0.01 EPS per quarter), and continued new business generation at a rate equal to that of the second quarter."
Healthcare Services Group closed at $22.05 on Friday.
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