UPDATE: Stifel Upgrades HCP (HCP) to Hold

November 2, 2016 7:02 AM EDT
Get Alerts HCP Hot Sheet
Price: $30.07 +0.37%

Rating Summary:
    3 Buy, 16 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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(Updated - November 2, 2016 10:55 AM EDT)

Stifel upgraded HCP (NYSE: HCP) from Sell to Hold with a price target of $31.

"We are upgrading our rating to Hold following the completion of the QCP spin-off of skilled nursing assets which were an overhang on the portfolio. Going forward, we believe portfolio quality, payor mix and coverage have all improved," said analyst Chad Vanacore.

For an analyst ratings summary and ratings history on HCP click here. For more ratings news on HCP click here.

Shares of HCP closed at $30.47 yesterday.

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