Goldman Sachs Starts Emeritus (ESC) at Neutral

June 6, 2013 7:28 AM EDT Send to a Friend
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Price: $33.46 --0%

Rating Summary:
    2 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 17 | New: 15
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Goldman Sachs initiates coverage on Emeritus (NYSE: ESC), the largest provider of assisted living in the U.S., with a Neutral rating and $29 price target.

"Though ESC has been a solid operator in a challenging environment in the past couple of years, the company’s high leverage could prove to be a hindrance," analsyt Brian Zimmerman said. "In addition, these favorable trends may be slower to materialize than currently expected by investors."

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

Shares of Emeritus closed at $24.42 yesterday.

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