Bank of America Merrill Lynch Maintains Buy on Brookdale Senior Living
Bank of America Merrill Lynch is out with its report today on Brookdale Senior Living (NYSE: BKD), maintaining Buy.
In its report, Bank of America Merrill Lynch writes, "BKD is our top pick for long-term investors as we believe it is best positioned to benefit from the improving economy given its operational and financial leverage which we think could lead to the stock doubling over the next 2-3 years. Despite an uncertain economic recovery near term, recent deals, combined with strong FCF and a rapidly improving balance sheet, give us visibility that BKD can show upside even if the economy takes longer to turn."
Bank of America Merrill Lynch maintains a $22 PO on BKD.
Shares of BKD closed Thursday at $15.87, down 1.49% from Wednesday's close.
