Morgan Keegan Lowers PT on Brookdale Senior Living from $30 to $21

Morgan Keegan has published a report on Brookdale Senior Living (NYSE: BKD) lowering the price target.

In the report, Morgan Keegan wrote, "We are lowering our cash from facility operations (CFFO) estimate for Brookdale Senior Living for the third time since the beginning of the June following the company's weaker-than-expected second quarter and lowered guidance. We are lowering our 2011 CFFO estimate from $2.24 to $2.13 and our 2012 estimate from $2.37 to $2.28."

Morgan Keegan rated Brookdale Senior Living an Outperform with a price target lowered from $30 to $21. Brookdale Senior Living closed Monday at $14.64.