Jefferies Upgrades HCP (HCP) to Hold
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Price: $34.78 --0%
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Jefferies upgraded HCP (NYSE: HCP) from Underperform to Hold with a price target of $32.00 (from $25.00).
Analyst Omotayo Okusanya commented, "We are upgrading HCP to Hold from Underperform based on news that HCP will be spinning off its underperforming ManorCare SNF portfolio into a separately traded REIT in 2H16. A sum of the parts analysis suggests a $32 PT is appropriate."
For an analyst ratings summary and ratings history on HCP click here. For more ratings news on HCP click here.
Shares of HCP closed at $35.99 yesterday.
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