Ventas price target raised to $47 from $45 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Ventas to $47 from $45 and keeps an Equal Weight rating on the shares. Senior housing demand is recovering ahead of expectations and the firm sees “another potential leg of outperformance,” says the analyst, who adds that Ventas’s valuation “looks attractive.” However, the stock remains a show me story and the firm is taking “a wait and see approach on execution,” the analyst added.