Morgan Stanley Maintains Equal-Weight on Equity Residential, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Kramer maintains an Equal-Weight rating on Equity Residential (NYSE:EQR) and lowers the price target from $68 to $64.
May 26, 2023 | 11:49 am
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Morgan Stanley maintains an Equal-Weight rating on Equity Residential (EQR) and lowers the price target from $68 to $64.
The news directly mentions Equity Residential (EQR) and the lowered price target by Morgan Stanley. This may cause some investors to reevaluate their positions, but the Equal-Weight rating suggests that the stock is fairly valued, and the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100