Morgan Stanley positive on Welltower ahead of earnings

Morgan Stanley analyst Ronald Kamdem keeps an Overweight rating and $90 price target on Welltower with a “positive catalyst” call on the stock ahead of earnings. The firm expects the company to have another strong quarter and to raise FY23 guidance for the 5th time this year given that its fundamentals and external growth are tracking ahead of expectations, the analyst tells investors in a research note.