UPDATE: Stifel Nicolaus Downgrades Brookdale Senior Living to Hold

Stifel Nicolaus is out with its report today on Brookdale Senior Living BKD, downgrading BKD to Hold from Buy. In its report, Stifel Nicolaus writes, "Even though we see additional upside potential to BKD shares with an NAV estimate of $27 an indicated DCF value range $13-$21 (15%-25% discount rate), we are lowering our rating on BKD share to Hold from Buy." At the time of posting, shares of BKD were trading at $15.53, down 1.52% from Tuesday's close.