Wells Fargo Upgrades Equity Residential to Overweight, Raises Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst James Feldman has upgraded Equity Residential (NYSE:EQR) from Equal-Weight to Overweight and raised the price target from $62 to $69.
September 05, 2023 | 11:37 am
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POSITIVE IMPACT
Equity Residential's stock has been upgraded to Overweight by Wells Fargo, with a raised price target of $69.
The upgrade from Equal-Weight to Overweight by Wells Fargo indicates a positive outlook for Equity Residential. The raised price target from $62 to $69 suggests that the analyst expects the stock to perform well in the short term. This could lead to increased investor interest and potentially a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100