Barclays Maintains Underweight on Essex Property Trust, Lowers Price Target to $224
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Anthony Powell maintains an Underweight rating on Essex Property Trust (NYSE:ESS) and lowers the price target from $226 to $224.
May 31, 2023 | 9:40 am
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Barclays analyst Anthony Powell maintains an Underweight rating on Essex Property Trust and lowers the price target from $226 to $224.
The lowered price target by Barclays analyst Anthony Powell indicates a bearish outlook on Essex Property Trust. This may lead to a negative short-term impact on the stock price as investors may perceive the lowered target as a sign of weaker future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100