Jefferies Downgrades Brookdale Senior Living (BKD) to Hold

November 11, 2016 6:41 AM EST
Get Alerts BKD Hot Sheet
Price: $15.67 -1.82%

Rating Summary:
    9 Buy, 2 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies downgraded Brookdale Senior Living (NYSE: BKD) from Buy to Hold with a price target of $14.00 (from $29.00) citing competitive pressures.

Analyst Brian Tanquilut commented, "We are downgrading BKD to Hold given our view that the recent expansion of competitive pressures to BKD's mid-sized markets introduces incremental headwinds that are likely to persist in 2017 due to continued elevated levels of new supply entering the senior housing market. While BKD has sold off significantly after its soft Q3 and Q4 outlook, we see limited stock upside as competitive pressures are unlikely to diminish in 2017."

For an analyst ratings summary and ratings history on Brookdale Senior Living click here. For more ratings news on Brookdale Senior Living click here.

Shares of Brookdale Senior Living closed at $12.52 yesterday.

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