Barclays Maintains an 'Equalweight' on Brookdale Senior Living (BKD); September Quarter Review
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Price: $11.80 -0.08%
Rating Summary:
12 Buy, 1 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
12 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Barclays maintains an 'Equalweight' on Brookdale Senior Living (NYSE: BKD) price target of $20.00.
Barclays analyst says, "Overall, we highlight that the trends all showed some slight improvements in Q311. And with BKD lower the bar with its guidance reduction on its Q211 earnings release, we view the fact that the company seems to have stabilized occupancy and margin pressure as a source of relief. Nonetheless, BKD noted that it expects to report full-year CFFO towards the lower end of its guidance range of $2.10-2.20 with the company expressing some caution regarding the ongoing impact from the economy coupled with pressure from Medicare reimbursement."
Barclays adjusts FY11 EPS estimate from $2.14 to $2.13 and FY12 from $2.38 to $2.35.
For more ratings news on Brookdale Senior Living click here and for the rating history of Brookdale Senior Living click here.
Shares of Brookdale Senior Living closed at $16.37 yesterday.
Barclays analyst says, "Overall, we highlight that the trends all showed some slight improvements in Q311. And with BKD lower the bar with its guidance reduction on its Q211 earnings release, we view the fact that the company seems to have stabilized occupancy and margin pressure as a source of relief. Nonetheless, BKD noted that it expects to report full-year CFFO towards the lower end of its guidance range of $2.10-2.20 with the company expressing some caution regarding the ongoing impact from the economy coupled with pressure from Medicare reimbursement."
Barclays adjusts FY11 EPS estimate from $2.14 to $2.13 and FY12 from $2.38 to $2.35.
For more ratings news on Brookdale Senior Living click here and for the rating history of Brookdale Senior Living click here.
Shares of Brookdale Senior Living closed at $16.37 yesterday.
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