Morgan Keegan Maintains Outperform, $21 Target on Emeritus Corporation

Morgan Keegan reiterates its Outperform rating and $21 target price on Emeritus Corporation

ahead of the company's Q4 earnings next Tuesday. Morgan Keegan says, "Investors are concerned about occupancy and rate trends. We expect Emeritus to report modest improvement in both metrics. Our longer-term view remains that senior housing operators such as Emeritus are positioned to benefit from an improving economy and limited new supply." ESC closed at $18.97 a share on Friday.