Morgan Keegan Sees Little Upside In Brookdale Senior Living (BKD)

Morgan Keegan is revising its cash flow estimates on Brookdale Senior Living Inc. BKD after the company refinanced its debt last week. It rates shares at Market Perform, and has a $16.25 price target. The bank lowered its 2010 cash flow from operations (CFFO) estimate from $1.95 to $1.93 and our 2011 estimate from $2.26 to $2.21. Shares of Brookdale Senior Living closed at $14.25, up 85 cents yesterday.