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Bank of America upgraded Brookdale Senior Living to "Buy" despite quarterly loss and below-expectations revenue.
Brookdale Senior Living (NYSE:BKD) was upgraded to "Buy" by Bank of America, which raised its price target to $13.00, citing strong analyst sentiment despite a quarterly loss of $0.20 per share and revenue below expectations.
The stock, trading around $10.84, has a 52-week high of $11.52 and a consensus "Moderate Buy" rating from six analysts.
The company operates over 700 senior living communities in the U.S. and Puerto Rico, offering independent, assisted, memory care, and skilled nursing services.
Financial metrics show negative earnings and a market cap of $2.57 billion, with institutional investors reducing holdings.
Bank of America elevó Brookdale Senior Living a "Comprar" a pesar de las pérdidas trimestrales y los ingresos por debajo de las expectativas.