Brookdale Senior Living initiated with an Outperform at Macquarie

Macquarie initiated coverage of Brookdale Senior Living with an Outperform rating and $7.50 price target. Brookdale, the largest U.S. senior-living operator, benefits from demographic tailwinds and limited supply with more growth potential, the analyst tells investors in a research note. The firm says that based on solid revenue momentum and improving margins, Brookdale is on track to produce positive free cash flow in 2025 and reduce leverage.