Sonida Senior Living Stock Decline Unwarranted Given Business Momentum, RBC Says
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RBC Capital Markets stated that Sonida Senior Living's recent stock decline is unwarranted due to strong Q1 results. The company is experiencing margin expansion from effective cost controls and increased occupancy. RBC confirmed its outperform rating and raised the price target from $39 to $45 per share, while the stock is currently priced at $37.57, reflecting a 1.64% increase.
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