B of A Securities Upgrades Brookdale Senior Living to Neutral, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joanna Gajuk upgraded Brookdale Senior Living (NYSE:BKD) from Underperform to Neutral and increased the price target from $3.95 to $6, potentially indicating an improved outlook for the company's stock.
December 15, 2023 | 12:23 pm
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POSITIVE IMPACT
Brookdale Senior Living's stock may see a positive short term impact due to the upgrade from Underperform to Neutral by B of A Securities and the raised price target from $3.95 to $6.
Upgrades by analysts, especially from underperform to neutral, along with an increase in price target, are typically seen as positive indicators by the market and can lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100