Ensign Group price target raised to $167 from $133 at RBC Capital

RBC Capital raised the firm’s price target on Ensign Group (ENSG) to $167 from $133 and keeps an Outperform rating on the shares. The firm is updating its model following the company’s Q2 results in July while also making revisions to reflect management’s latest guidance considerations, the analyst tells investors in a research note. RBC adds that it is positive on Ensign’s stronger growth trajectory, expansion into higher-acuity capabilities such as LTAC, and consistent outperformance in labor cost management.