RBC Capital Maintains Outperform on Equity Residential, Raises Price Target to $72
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 $71 to $72.
July 31, 2023 | 2:24 pm
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POSITIVE IMPACT
RBC Capital maintains an Outperform rating on Equity Residential and raises the price target to $72. This could potentially lead to a positive market reaction.
The Outperform rating maintained by RBC Capital indicates that they expect Equity Residential to outperform the general market. The increase in price target from $71 to $72 suggests that they see potential for the stock's price to rise. This could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100