RBC Capital raised the firm’s price target on Ensign Group (ENSG) to $172 from $167 and keeps an Outperform rating on the shares. Ensign posted another record quarter with occupancy momentum continuing to buck typical seasonal trends, and RBC believes accelerating M&A activity and ongoing investment in higher-acuity capabilities warrant a premium to post-acute peers, the analyst tells investors in a research note.
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Read More on ENSG:
- Ensign Group price target raised to $167 from $163 at Stephens
- Ensign Group price target raised to $168 from $165 at Oppenheimer
- Ensign Group narrows FY24 EPS view to $5.46-$5.52 from $5.38-$5.50
- Ensign Group reports Q3 adjustedEPS $1.39, consensus $1.38
- Ensign Group price target raised to $167 from $133 at RBC Capital