Wells Fargo downgraded Welltower (WELL) to Equal Weight from Overweight with a price target of $135, up from $134, following analyst coverage transfer. The firm is flipping its Welltower/Ventas (VTR) pair trade as it believes the former’s PEGY looks more attractive in all its scenarios vs Welltower.
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Read More on WELL:
- Welltower price target raised to $133 from $121 at Scotiabank
- Welltower price target raised to $114 from $106 at Evercore ISI
- Welltower price target raised to $106 from $105 at Evercore ISI
- Welltower price target raised to $137 from $115 at Deutsche Bank
- Welltower price target raised to $114 from $101 at RBC Capital