Sonida Senior Living (SNDA) PT Raised to $28 at Morgan Stanley

Morgan Stanley analyst Ronald Kamdem raised the price target on Sonida Senior Living (NYSE: SNDA) to $28.00 (from $26.00) while maintaining a Equalweight rating.

The analyst comments "We see an impressive turnaround story in early innings. SNDA is positioned to benefit from broader senior housing demographic tailwinds and low supply. We believe 20%+ EBITDA growth is reflected in the price and remain equal weight given balance sheet and execution risk."

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