As previously reported, BofA double upgraded Brookdale Senior Living (BKD) to Buy from Underperform with a price target of $13, up from $6.75, citing a belief that the company’s improved portfolio and positive free cash flow position it better to benefit from favorable industry dynamics. The firm also views Brookdale as a pure play on aging demographics, with limited exposure to government payors, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKD:
- Brookdale Senior Living upgraded to Buy from Underperform at BofA
- Brookdale Senior Living announces November occupancy of 82.5%
- Brookdale Senior Living Appoints New COO
- Brookdale Senior Living appoints Mary Sue Patchett as COO
- Brookdale Senior Living price target raised to $13 from $9 at RBC Capital