Wells Fargo Upgrades Essex Property Trust to Equal-Weight, Raises Price Target to $247
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst James Feldman has upgraded Essex Property Trust (NYSE:ESS) from Underweight to Equal-Weight and raised the price target from $208 to $247.
August 10, 2023 | 12:08 pm
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Essex Property Trust has been upgraded by Wells Fargo from Underweight to Equal-Weight, with a raised price target from $208 to $247.
The upgrade from Underweight to Equal-Weight by Wells Fargo indicates a more positive outlook for Essex Property Trust. The raised price target from $208 to $247 suggests that the analyst sees potential for the stock's price to increase in the short term. This could potentially lead to a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100