Wells Fargo Maintains Equal-Weight on Essex Property Trust, Lowers Price Target to $244
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst James Feldman has maintained an Equal-Weight rating on Essex Property Trust (NYSE:ESS) and lowered the price target from $247 to $244.
September 12, 2023 | 12:46 pm
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NEUTRAL IMPACT
Essex Property Trust's price target has been lowered from $247 to $244 by Wells Fargo, while maintaining an Equal-Weight rating.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors. However, the maintained Equal-Weight rating indicates that the analyst still sees the stock as fairly valued. Therefore, the impact on the stock price in the short term is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100