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Fly News Breaks for July 16, 2019
SNR
Jul 16, 2019 | 08:19 EDT
BTIG analyst Michael Gorman initiated New Senior Investment with a Buy rating and a price target of $8, saying the company should benefit from its focus in the Senior Housing business as industry fundamentals brighten through 2020. The analyst is also positive on the "specific steps" taken by the management to improve its performance this year, which include "internalizing its management structure and transitioning underperforming assets," even though he is concerned by the company's high leverage in the near term.
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