Oppenheimer Maintains Perform on Cross Country (CCRN)

Oppenheimer is out with its report today on Cross Country CCRN, maintaining Perform.

In a note to clients, Oppenheimer writes, "Cross Country is one of the largest providers of healthcare staffing services, offering travel-nurse staffing, physician staffing, clinical trials services and human capital management services. We believe the traditional nurse staffing model is challenging given efforts by hospitals to limit this cost line. While the company has diversified into other businesses such as locum tenens (temporary physician staffing), we continue to believe the company will struggle to achieve consistent growth and a stable revenue stream. As a result, we maintain our Perform rating."

Shares of CCRN closed Tuesday at $7.30.