BofA analyst Joanna Gojuk downgraded Brookdale Senior Living to Underperform from Neutral with a price target of $6, down from $7.75. While aging demographics are tailwind for the senior living industry, the firm views Brookdale as worse positioned to benefit compared to peers given its lower free cash flow, which it sees limiting growth opportunities. In addition, a slowing economy could be a headwind to occupancy growth, the analyst tells investors in a research note.
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