Ensign Group price target raised to $168 from $165 at Oppenheimer

Oppenheimer raised the firm’s price target on Ensign Group (ENSG) to $168 from $165 and keeps an Outperform rating on the shares. Ensign’s quarterly adjusted EPS and adjusted EBITDAR beat vs. the firm’s model was primarily driven by investment income, while operating metrics were in line with the firm’s estimates, the analyst tells investors in a research note. Ensign remains well-positioned to continue implementing its M&A strategy going forward, Oppenheimer says.