Brookdale Senior Living downgraded to Neutral from Buy at BofA/Merrill BofA/Merrill downgraded Brookdale Senior Living to Neutral and lowered its price target to $25 from $35. The firm sees limited upside potential over the next year given weak industry fundamentals and ongoing issues around the Emeritus integration. BofA/Merrill said Q3 industry data indicates it will be difficult for Brookdale to show near-term improvement.
Brookdale Senior Living appoints Decker as non-executive chairman Brookdale Senior Living announced that its board of directors has appointed Daniel Decker as a director and non-executive chairman, effective October 1. Decker will fill the vacancy on the board resulting from the recent passing of Granger Cobb. Decker will succeed Jeffrey Leeds as non-executive chairman. Leeds has served in such role since 2012 and will continue to serve as an independent director. Leeds has served in such role since 2012 and will continue to serve as an independent director.