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Fly News Breaks for February 23, 2018
BKD
Feb 23, 2018 | 07:53 EDT
As previously reported, Stifel analyst Chad Vanacore downgraded Brookdale Senior Living to Hold from Buy after the company ended its strategic review, concluding that indications of interest from investors at $9 to possibly as high as $11 per share were insufficient. He thinks the stock will likely be range bound as a turnaround is going to be a "much longer and arduous task" against seniors housing industry headwinds that include oversupply and a tight labor market, Vanacore tells investors. He lowered his price target on the stock to $9 from $14.
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