Barclays initiated coverage of Equity Residential (EQR) with an Overweight rating and $83 price target The firm views Equity Residential as a high-quality Coastal name that hasn’t gotten as much credit as deserved for strong FFO growth and generally very good real estate. The firm noted that it is not materially different from consensus with respect to the company’s earning outlook, though it does believe there is some catching up to do with respect to its relative multiple.
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Read More on EQR:
- Equity Residential initiated with an Overweight at Barclays
- Equity Residential price target lowered to $78 from $81 at Scotiabank
- Stifel upgrades Equity Residential to Buy from Hold
- Equity Residential upgraded to Buy from Hold at Stifel
- Equity Residential price target raised to $90 from $85 at Piper Sandler