Morgan Keegan Maintains Outperform on Healthcare Services Group (HCSG)

Morgan Keegan is out with its report today on Healthcare Services Group HCSG, maintaining Outperform. In a note to clients, Morgan Keegan writes, "We believe that HCSG is a well-managed company and the dominant provider of underpenetrated nursing home housekeeping and food outsourcing services. The company's business is noncyclical and generates substantial cash, enabling it to maintain a debt-free balance sheet and raise its dividend every quarter. We rate the shares Outperform." Morgan Keegan has a $19.25 PT on HCSG. Shares of HCSG closed Wednesday at $18.27.