Ensign Group price target raised to $170 from $160 at Truist

Truist analyst David MacDonald raised the firm’s price target on Ensign Group (ENSG) to $170 from $160 and keeps a Hold rating on the shares. Ensign reported solid Q3 results that featured top and bottom-line beats fueled by rapid occupancy trends alongside continued robust M&A activity while FY guidance was raised on both the top and bottom-lines, the analyst tells investors in a research note. The firm expects ongoing M&A to augment core trends given Ensign’s strong positioning in the fragmented market and meaningful financial flexibility, with management highlighting ample opportunity in both new and existing states.