Duncan-Williams Downgrades Healthcare Services Group (HCSG) to Hold; Valuation Call
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Duncan-Williams downgrades Healthcare Services Group (Nasdaq: HCSG) from Buy to Hold on Valuation
Duncan analyst says, "While we are downgrading HCSG to a HOLD rating, we believe that HCSG is a core holding for investors wanting to participate in the outsourcing trend among healthcare providers. We continue to believe that the company is a core holding due to its high customer retention, strong balance sheet, and history of raising dividends...We are raising our 2009 revenue estimate from 684 million to 690 million."
To see more analyst ratings on HCSG Click Here.
Healthcare Services Group, Inc., through its subsidiaries, provides housekeeping, laundry, linen, facility maintenance, and food services to nursing homes, retirement complexes, rehabilitation centers, and hospitals primarily in the United States.
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