Welltower price target raised to $80 from $72 at Credit Suisse

Credit Suisse analyst Tayo Okusanya raised the firm’s price target on Welltower to $80 from $72 and keeps an Outperform rating on the shares. The firm acknowledges that 2023 guidance came in lower than expected. That said, quarterly earnings should march up steadily as the year progresses, and the set-up remains for 10%-plus annual FFO/share growth in 2023/2024, the firm adds.