Addus HomeCare Corp. (ADUS) Maintains Outperform Rating

Analysts Whit Mayo and Matthew Gillmor at Baird have released an update on Addus HomeCare Corp. (NASDAQ: ADUS).

Analysts believe that the state of disarray within Illinois is currently at its peak, but not getting better. According to analysts, on the positive side, the state has a new internal goal to pay on a 90-120 day cycle, while on the negative side, March is a critical month for Illinois and DSOs have likely worsened in the first-quarter.

Analysts at Baird, however, believe that much of the bad news is incorporated in the Addus HomeCare Corp. stock and have therefore maintained their Outperform rating for the company.