Truist raised the firm’s price target on Ensign Group to $160 from $150 and keeps a Hold rating on the shares. The firm is adjusting its model after the company’s Q2 earnings beat and narrowed FY24 guidance, the analyst tells investors in a research note. Truist is positive on Ensign’s local structure, unique M&A strategy and solid relative positioning, adding however that labor market disruption and regulatory pressures have created sector challenges.
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Read More on ENSG:
- Ensign Group raises and narrows FY24 EPS view to $5.38-$5.50, consensus $5.40
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- ENSG Earnings this Week: How Will it Perform?
- Ensign Group price target raised to $150 from $135 at Truist