Goldman Sachs Starts Brookdale Senior Living (BKD) at Buy

July 16, 2014 6:45 AM EDT
Get Alerts BKD Hot Sheet
Price: $6.38 -3.63%

Rating Summary:
    8 Buy, 2 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 8 | New: 24
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Goldman Sachs initiated coverage on Brookdale Senior Living (NYSE: BKD) with a Buy rating and a price target of $44.00.

Analyst Brian Zimmerman said, "We initiate coverage of Brookdale Senior Living Inc. (BKD) with a Buy rating and 12-month price target of $44 as we expect BKD to benefit from both secular and cyclical tailwinds leading to better occupancy rates and improved pricing. The key reasons for our Buy rating are: (1) upside to management accretion guidance in our 2016 pro-forma estimates that include Emeritus Corporation (ESC), (2) persistent industry-wide supply-demand imbalance, (3) underappreciated sensitivity to occupancy rates from a modest increase in penetration, and (4) attractive position in growing markets from our state level model."

For an analyst ratings summary and ratings history on Brookdale Senior Living click here. For more ratings news on Brookdale Senior Living click here.

Shares of Brookdale Senior Living closed at $34.14 yesterday.

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