As previously reported, BofA analyst Joanna Gojuk upgraded Brookdale Senior Living to Neutral from Underperform with a price target of $6, up from $3.95, after the company reported “better results” for a second consecutive quarter. However, BofA still sees risk to occupancy in the near-term and thinks the refinancing of 2024 maturities will likely be a headwind to cash flows, the analyst tells investors.
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