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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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.
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