UPDATE: Jefferies Raises PT to $4.20 on Five Star Quality Care
Jefferies increases the price target from $4 to $4.202 on Five Star Quality Care (NYSE: FVE), and reiterates its Buy rating on shares, on updated estimates and outlook.
Jefferies says, "Macroeconomic recovery, albeit slow, combined with favorable demographics should drive accelerated demand in the private pay senior housing sector in 2012. As one of the largest operators in this segment, FVE is well positioned to benefit. Updating outlook for 2012 and 2013."
FVE closed at $3.51 on Wednesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.