Scotiabank raised the firm’s price target on Equity Residential to $77 from $73 and keeps a Sector Perform rating on the shares. Scotiabank is adjusting estimates for Real Estate & REITs covered by the firm to reflect Q2 earnings results and recent transactions, the analyst tells investors.
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Read More on EQR:
- MAA upgraded to Buy from Underperform at BofA
- Equity Residential price target raised to $73 from $72 at Scotiabank
- Equity Residential backs FY24 normalized FFO view $3.86-$3.92, consensus $3.88
- Equity Residential to acquire 11 apartment properties from Blackstone for $964M
- Equity Residential vs. Realty Income: Which Stock Is the Better Buy?
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