UPDATE: Stifel Raises PT on Healthcare Services Group Following 3Q EPS Report

In a report published Wednesday, Stifel analyst Robert Mains reiterated a Buy rating on Healthcare Services Group HCSG, and raised the price target from $27.00 to $28.00. In the report, Stifel noted, “Healthcare Services Group reported third quarter EPS of $0.20, matching our at-consensus estimate. Revenues topped our estimate, an important feature in the company's recurring revenue operating model. Margins were lower than modeled due to the influx of new Dietary revenues, but we continue to expect margin improvement going forward. We maintain our Buy rating and our revised target price is $28.” Healthcare Services Group closed on Tuesday at $24.94.