RBC Capital raised the firm’s price target on Brookdale Senior Living (BKD) to $13 from $9 and keeps an Outperform rating on the shares. Brookdale Senior Living posted “solid” Q3 results and raised guidance on continued occupancy momentum, which is driving adjusted EBITDA and free cash flow improvement with management expecting EBITDA for the ongoing portfolio to grow in the mid-teens range over the next several years, the analyst tells investors in a research note.
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