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Fly News Breaks for May 2, 2018
CSU
May 2, 2018 | 07:15 EDT
As previously reported, Stifel analyst Chad Vanacore downgraded Capital Senior Living to Sell from Hold as he believes it is unlikely to meet guidance following a rough start to the year and given his expectations for persistent industry headwinds that will continue to pressure occupancy and an extended flu season that will continue to impact the second quarter. The company's guidance assumes full year occupancy gains of 40-60bp and Vanacore said he cannot see Capital Senior Living outpacing its peers by such a large extent. He lowered his estimates and cut his price target on the stock to $10.50 from $13.
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