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Emeritus weakness creates buying opportunity, says Stephens

After Emeritus lowered its CFFO guidance and the stock fell sharply, Stephens, following meetings with the company, does not expect any more negative news to emerge. The firm reports that the company is not seeing any deterioration in September compared with August, and Stephens still expects mid-teens CFFO growth over the longer term. It reiterates an Overweight rating on the shares.