Jefferies Cuts Price Target On Five Star Quality (FVE) But Says Selloff Overdone
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Price: $2.94 --0%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies trimmed its price target on Five Star Quality Care (NYSE: FVE) from $4.50 to $4.00 but kepts its Buy rating on the stock.
The firm comments, "Investors appear to be taking a "shoot first, ask questions later" approach to FVE's Q3 results. Yes, the $0.06 EPS miss was disappointing, but this is more than discounted in the stock at current price levels. More importantly, improving occupancy trends bode well for future margin improvement."
For more ratings news on Five Star Quality Care click here and for the rating history of Five Star Quality Care click here.
Shares of Five Star Quality Care closed at $3.00 yesterday.
The firm comments, "Investors appear to be taking a "shoot first, ask questions later" approach to FVE's Q3 results. Yes, the $0.06 EPS miss was disappointing, but this is more than discounted in the stock at current price levels. More importantly, improving occupancy trends bode well for future margin improvement."
For more ratings news on Five Star Quality Care click here and for the rating history of Five Star Quality Care click here.
Shares of Five Star Quality Care closed at $3.00 yesterday.
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