Jefferies Reiterates Hold on Brookdale Senior Living (BKD) Following Weak Guidance, But Awaiting Strategic Moves

February 14, 2017 7:22 AM EST
Get Alerts BKD Hot Sheet
Price: $6.62 +0.91%

Rating Summary:
    8 Buy, 2 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Jefferies analyst Brian Tanquilut maintains Hold rating and $14 price target on Brookdale Senior Living (NYSE: BKD), suggesting strategic moves will drive share value, as the company delivered guidance below consensus.

Tanquilut comments, "While BKD's FY17 EBITDA guidance fell meaningfully short of consensus, we believe that none of its Q4 results and assumptions in mgmt.'s projections materially deviated from our expectations -- continued occupancy weakness, coupled with rising cost inflation are causing revenue and earnings pressure. That said, we don't expect much stock downside NT as investor focus for the name is now mostly on mgmt.'s strategic moves, including a potential sale."

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 $14.84 yesterday.



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