Welltower price target raised to $90 from $83 at Wedbush

Wedbush analyst Richard Anderson raised the firm’s price target on Welltower (WELL) to $90 from $83 and keeps a Neutral rating on the shares. The analyst says shares are more expensive than Ventas (VTR), a stock the firm upgraded this morning to Outperform. The firm says Welltower appears to be moving into new growth territory with its senior housing portfolio, a theme that should continue in 2024.