Fly News Breaks for February 27, 2018
Feb 27, 2018 | 07:17 EDT
As reported earlier, RBC Capital analyst Frank Morgan downgraded Brookdale Senior Living to Sector Perform from Outperform and lowered his price target to $8 from $13 after the company's concluded strategic review yielded a "disappointing outcome". The analyst believes that the strategy to return control to the local level is "reasonable" but will take some time while faced with the "headwinds of increased capacity".
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