Brookdale Senior Living falls after BofA downgrades to 'underperform'

Brookdale Senior Living

07/10/2024 17:47

** Shares of retirement home operator Brookdale Senior
Living  BKD.N  falls ~5.2% to $5.88
    ** BofA downgrades shares to "underperform" from "neutral";
cuts PT to $6 from $7.75
    ** Brokerage sees BKD as worse positioned to benefit from
the aging demographics, compared with its peers due to its lower
free cash flow, constraining co's expansion and growth 
    ** BKD same store revenue growth and operating income growth
is also below peers - BofA  
    ** 2 of 4 brokerages rate the stock "buy" and 2 "sell";
their median PT is $7 - LSEG data
    ** Including session moves, stock up ~1.46% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))