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Fly News Breaks for October 3, 2018
CSU
Oct 3, 2018 | 07:58 EDT
JMP Securities analyst Peter Martin lowered his price target on shares of Capital Senior Living to $11 from $18 after the company cut its CFFO range to $38M-$41M for 2018 from an implied $48M-$50M, citing an increasing competitive environment, occupancy and rate issues related to a tough flu season. While he thinks rising interest rates and continued high resident turnover will be headwinds to valuation in the near-term, Martin keeps an Outperform rating on Capital Senior shares.
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