Market Overview

UPDATE: Mizuho Securities Downgrades HCP On Reasons For Caution

Share:

In a report published Monday, Mizuho Securities analyst Richard Anderson downgraded the rating on HCP, Inc. (NYSE: HCP) from Buy to Neutral, and lowered the price target from $50.00 to $49.00.

In the report, Mizuho Securities noted, “We are lowering our rating on HCP to Neutral, and our price target to $49 from $50, as we have altered our view related to the thin rent coverage with its largest tenant, HCR ManorCare. HCP stock produced reasonable total return during 2014 (+27%) and 100 bp outperformance so far in 2015 (i.e., approaching our target), despite the lingering rent coverage uncertainty. Leading up to 4Q14 earnings on 2/10/15, which we expect to be overwhelmed by HCR-related questions, we think it is time for investors to exercise some caution here.”

HCP closed on Friday at $48.15.

Latest Ratings for HCP

DateFirmActionFromTo
Oct 2019UpgradesNeutralOverweight
Oct 2019MaintainsOverweight
Oct 2019MaintainsOverweight

View More Analyst Ratings for HCP
View the Latest Analyst Ratings

Posted-In: Mizuho Securities Richard AndersonAnalyst Color Downgrades Analyst Ratings

 

Related Articles (HCP)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TXNJefferiesMaintains164.0
TCBIRBC CapitalMaintains59.0
ASMLRBC CapitalMaintains320.0
CLVSB of A SecuritiesMaintains10.0
FULCB of A SecuritiesMaintains22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com