RBC Capital Maintains Outperform on Equity Residential, Raises Price Target to $71
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Brad Heffern maintains an Outperform rating on Equity Residential (NYSE:EQR) and raises the price target from $70 to $71.
May 31, 2023 | 12:43 pm
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RBC Capital maintains an Outperform rating on Equity Residential (NYSE:EQR) and raises the price target from $70 to $71.
The news of RBC Capital maintaining an Outperform rating and raising the price target for Equity Residential (EQR) is positive for the stock. This indicates that the analyst believes the stock will perform better than the market in the short term. The increased price target also suggests that the analyst sees potential for the stock price to rise, which could attract more investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100