UPDATE: Stifel Nicolaus Increases Target to $12 on Capital Senior Living Corporation

Stifel Nicolaus raises its price target $1 to $12 on Buy-rated Capital Senior Living Corporation

as the company delivers on solid operating results and acquisitions. Stifel Nicolaus says, "In our view, CSU is a very simple to understand story without hidden value in JVs or much reimbursement risk. While some investors are in the name because of the real estate value, which does have real potential benefit to shareholders, we base our Buy recommendation on the emerging growth story at the company with our prediction for free cash flow per share growth of 38% in 2012 and 26% in 2013." CSU closed at $8.65 a share on Thursday.