Truist raised the firm’s price target on Equity Residential (EQR) to $78 from $76 and keeps a Buy rating on the shares as part of a broader research note on REITs. The firm is updating its models to reflect all information received since Q4 results in the sector, including any disclosed January/February portfolio results, along with its updated market rent growth forecasts and the latest overnight financing rate and 10-year Treasury yield curves, the analyst tells investors in a research note.
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Read More on EQR:
- Equity Residential price target raised to $78 from $76 at Truist
- Equity Residential: Balancing Long-Term Growth Potential with Immediate Neutral Outlook
- Equity Residential: Hold Rating Amid Moderate Growth Prospects and Market Position
- Positive Outlook for Equity Residential: Buy Rating Backed by Growth Prospects and Strategic Initiatives
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