Wells Fargo initiated coverage of Equity Residential with an Equal Weight rating and $62 price target given largest urban market exposure with highest average tenant income. Equity Residential is ranked middle of pack in most of the firm’s Residential REIT sector analyses. Wells estimates slightly below the Street.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EQR:
- 10 Stocks to Buy Before Their Ex-Dividend Dates Arrive, Week of March 20, 2023
- Equity Residential price target raised to $70 from $68 at Truist
- Equity Residential price target raised to $72 from $67 at Mizuho
- Equity Residential sees FY23 normalized FFO $3.70-$3.80
- Equity Residential reports Q4 normalized FFO 94c, consensus 94c