Goldman Sachs Changes Brookdale Senior Living Rating To Neutral

Based on recent news and valuation, Goldman Sachs said that it has removed senior housing operator Brookdale Senior Living, Inc.

from the Americas Conviction Buy List and the Americas Investment List and now rate the shares Neutral. “BKD shares rose 19% on the heels of health care REIT Ventas' (VTR; NC) agreement to acquire senior living operator Atria for $3.1bn or $230k/unit, which we believe compares favorably to BKD's discounted valuation,” Goldman Sachs writes. “Since being added to the Conviction Buy List on Aug 12, 2010, BKD shares are up 42.2% vs +8.9% for the S&P 500.” Goldman Sachs said that maintains its view that the company's long-term demographic opportunity remains attractive. Brookdale Senior Living Inc. currently trades at $19.25.