UPDATE: Deutsche Bank Initiates Brookdale Senior Living at Buy on Portfolio Breadth

Deutsche Bank initiated coverage on Brookdale Senior Living (NYSE: BKD) with a Buy rating and a $33 price target.

Deutsche Bank said, "BKD is the largest player in the senior living space, and we believe its portfolio offers investors with the greatest breadth across care levels and U.S. geographic markets. As such, BKD's communities offer prospective residents with a diverse set of options in terms of community size and amenities, pricing, and care levels."

Brookdale Senior Living closed at $23.60 on Tuesday.

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