Stephens raised the firm’s price target on Ensign Group to $135 from $130 and keeps an Overweight rating on the shares. CMS released proposed FY25 Medicare rates for Skilled Nursing Facilities, offering a net payment update of +4.1%, or +$1.3B, the analyst tells investors in a research note. The proposed FY25 rates compare to final and proposed FY24 rates of +4.0% and +3.7%, respectively, and is sharply above the 25-year historical average of +1.4%.
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