Deutsche Bank Starts Emeritus Corp. (ESC) at Buy

Deutsche Bank initiates coverage on Emeritus Corp. (NYSE: ESC) with a Buy. PT $30.00.

The firm notes organic growth prospects looking better; Sunwest opportunity should ripen by mid/late-2013.

On the sector as a whole, the firm said: "We believe there is a very strong investment case to buy the senior living operators, and our bullish view is under-pinned by: (1) favorable supply dynamics due to modest capacity growth; (2) strong demand outlook due to demographic and societal factors; (3) improving occupancy trends due to housing recovery; and (4) low government reimbursement exposure relative to other health care services."

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

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