Shares of Brookdale Senior Living are up about 6 percent in Wednesday trading on the back of Deutsche analysts initiating coverage of the nursing home chain and a number of its peers with 'buy' ratings. The researchers call Brentwood-based Brookdale a "must-own" and say the industry as a whole has a lot of good things going for it. They also launched coverage of Capital Senior Living, Emeritus and Five Star Quality Care with 'buy' ratings.

At almost 2 p.m., Brookdale (Ticker: BKD) was changing hands right at $25. (Deutsche sees it going to $33.) If it hangs on at that level, it would be its highest close since early July 2011.

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