Truist Securities Downgrades Essex Property Trust to Hold, Raises Price Target to $266
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Michael Lewis has downgraded Essex Property Trust (NYSE:ESS) from Buy to Hold, while raising the price target from $255 to $266.
August 28, 2023 | 11:35 am
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Essex Property Trust has been downgraded from Buy to Hold by Truist Securities, but the price target has been raised from $255 to $266.
The downgrade from Buy to Hold suggests that Truist Securities sees limited upside potential for ESS in the short term. However, the raised price target indicates that they still see some potential for growth. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100