Wedbush upgraded Ventas to Outperform from Neutral with a price target of $51, up from $44. The company showed a “decisive response to its Holiday by Atria hiccup” during Q2, recovering nicely during Q3 with that portfolio either transitioned or getting an influx of capital, the analyst tells investors in a research note. The firm says Ventas appears to be moving into new growth territory with its senior housing portfolio, a theme that should continue in 2024.
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