Northland Capital Markets Downgrades Healthcare Services Group (HCSG) to Market Perform

July 7, 2020 7:43 AM EDT
Get Alerts HCSG Hot Sheet
Price: $26.05 --0%

Rating Summary:
    3 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 16 | New: 3
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Northland Capital Markets analyst James Terwilliger downgraded Healthcare Services Group (NASDAQ: HCSG) from Outperform to Market Perform with a price target of $33.00.

The analyst comments "While we continue to like Healthcare Services Group and we believe that it is a core holding within our coverage universe, we are downgrading HCSG to Market Perform from Outperform based on headline risk and legal risk. We highlight a recent lawsuit that was filed concerning a wrongful death claim as an HCSG employee died of COVID-19 while working at a Pennsylvania nursing home."

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 $24.24 yesterday.

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