Stifel Nicolaus Downgrades Sunrise Senior Living to Hold (SRZ)

Stifel Nicolaus is out with its report today on Sunrise Senior Living SRZ, downgrading SRZ from Buy to Hold. In a note to clients, Stifel Nicolaus writes, "SRZ shares are essentially at our $12 target price and we are lowering our rating to Hold. We believe future upside remains in the shares if (1) longer term the company continues to improve occupancy and rate, improve its operating margins and lower G&A costs or (2) if Sunrise is purchased by another senior housing operator perhaps working together with a healthcare REIT." At the time of posting, shares of SRZ were trading pre-market at $11.57, down 3.02% from Thursday's close.