B of A Securities Downgrades Brookdale Senior Living to Underperform, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Brookdale Senior Living (NYSE:BKD) from Neutral to Underperform and reduced its price target from $7.75 to $6.
October 07, 2024 | 11:06 am
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B of A Securities downgraded Brookdale Senior Living from Neutral to Underperform, lowering the price target to $6, indicating potential downside.
The downgrade from Neutral to Underperform by a major analyst firm like B of A Securities typically signals a negative outlook, which can lead to a decrease in investor confidence and a potential drop in stock price. The lowered price target further supports this negative sentiment.
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