Goldman Sachs Upgrades Brookdale Senior Living (BKD) to Buy

May 26, 2011 6:55 AM EDT
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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Goldman Sachs upgraded Brookdale Senior Living (NYSE: BKD) from Neutral to Buy and raises their price target to $30, suggesting 21% upside.

The firm said the 15% sell-off on potential Medicare/Medicaid cut for skilled nursing reimbursement creates an attractive entry point.

Goldman also raised CFFO estimates modestly on stronger-than-expected rents in the early part of a multi-year up-cycle. The firm raised 2012/13 CFFO/share to
$2.80/$3.05 from $2.75/$3.00.

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 $24.83 yesterday.


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