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Fly News Breaks for February 26, 2020
LTC
Feb 26, 2020 | 07:33 EDT
Berenberg analyst Connor Siversky upgraded LTC Properties to Buy from Hold with a $55 price target. LTC is well positioned for growth beyond 2020, Siversky tells investors in a research note. Considering the planned sale of preferred care assets in the first half of 2020 and Senior Care's expected emergence from bankruptcy protection in March of this year, LTC should "achieve strong footing" to focus on growth through the second half of 2020, contends the analyst. Siversky also believes investor sentiment has improved meaningfully in response to LTC's active portfolio management efforts.
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