CIBC analyst Tal Woolley upgraded Sienna Senior Living (LWSCF) to Outperformer from Neutral with a price target of C$23, up from C$20. The company reported a Q3 beat and revised its outlook higher, the analyst tells investors in a research note. CIBC believes that if demographic demand continues to accelerate as Sienna outlined on its conference call, estimates could prove conservative, providing more upside in the shares.
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