Deutsche Bank raised the firm’s price target on Welltower to $137 from $115 and keeps a Buy rating on the shares. While the stock has rallied since the start of the year, Deutsche still sees “meaningful upside” for Welltower, the analyst tells investors in a research note. The firm believes the second half of 2024 “will be more of the same,” driven by continued strength within the senior housing operating portfolio and a “best-in-class” balance sheet and cost of capital that will continue to drive investment activity.
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