UPDATE: Stifel Nicolaus Lowers PT on Five Star Quality Care to $6.50

Stifel Nicolaus is out with its report today on Five Star Quality Care FVE, lowering its PT from $7 to $6.50. In a note to clients, Stifel Nicolaus writes, "We continue to see upside from FVE's current $5.02 share price but are lowering our target from $7 to $6.50 based on reduced estimates and lower DCF. Our revised target price is 7.3x our 2012E CFFO per share and 10.1x 2012E adj. EV/EBITDAR. FVE shares still offer 29% upside to our revised target price." Stifel Nicolaus maintains Buy on FVE. At the time of posting, shares of FVE were trading at $4.97, down 1.00% from Thursday's close.