Equity Lifestyle price target raised to $72 from $70 at Compass Point

Compass Point raised the firm’s price target on Equity Lifestyle (ELS) to $72 from $70 and keeps a Neutral rating on the shares after the company reported Q3 normalized FFO of 72c per share, in line with the firm’s expectations, and reported that damage from hurricane activity was minimal and has been accounted for in the company’s results.