Benchmark Upgrades Healthcare Services Group (HCSG) to Buy

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Benchmark upgraded Healthcare Services Group (NASDAQ: HCSG) from Hold to Buy with a price target of $27.00.

The firm comments, "We are upgrading HCSG to Buy from Hold and publishing 2014 estimates. Our 2014 revenue and EPS estimates are $1,305 million and $0.90 respectively. This represents 12% revenue growth and 15% EPS growth compared to our 2013 estimates. Our 2013 revenue and EPS estimates, $1,167 million and $0.78, respectively, represent 9% revenue growth and 20% EPS growth over 2012 results. We believe the Housekeeping and Laundry & Linen business can grow approximately 10% per year, and the Food Services business can grow approximately 15% per year."

For an analyst ratings summary and ratings history on Healthcare Services Group click here. For more ratings news on Healthcare Services Group click here.

Shares of Healthcare Services Group closed at $23.41 yesterday, with a 52 week range of $17.35-$24.49.

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