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Actionable news in BKD: BROOKDALE SENIOR LIVING Inc,

Brookdale Senior Living (BKD) Stock Downgraded on Q3 Results

NEW YORK (TheStreet) -- Brookdale Senior Living's (BKD) stock rating was reduced to "underperform" from "neutral" at Bank of America/Merrill Lynch today based on the company's lower-than-expected 2016 third-quarter results, reported before yesterday's market open.

The firm also cut its price target to $12 from $20 on shares of the Brentwood, TN-based operator of senior residences, according to TheFly.

BofA/Merrill Lynch analysts believe new construction and pressures in labor costs will make it challenging for Brookdale to grow in the near term. The pressures...