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Fly News Breaks for November 2, 2016
BKD
Nov 2, 2016 | 06:15 EDT
BofA/Merrill analyst Joanna Gajuk downgraded Brookdale Senior Living to Underperform from Neutral and lowered its price target to $12 from $20 following the Q3 miss and cut in 2016 Adjusted EBITDA guidance. The analyst believes new construction and pressures in labor costs will make it difficult for the company to grow over the next few quarters and last longer than expected.
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