Raymond James Downgrades Welltower to Outperform, Raises Price Target to $90
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Jonathan Hughes downgraded Welltower (NYSE:WELL) from Strong Buy to Outperform and raised the price target from $82 to $90.
June 23, 2023 | 9:25 am
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Welltower's rating was downgraded from Strong Buy to Outperform by Raymond James analyst Jonathan Hughes, with a raised price target of $90.
Although the downgrade from Strong Buy to Outperform may seem negative, the raised price target from $82 to $90 indicates a positive outlook for Welltower. The short-term impact on the stock price is likely to be neutral as the downgrade and raised price target balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100