Wedbush Initiates Coverage On Essex Property Trust with Neutral Rating, Announces Price Target of $225
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Richard Anderson has initiated coverage on Essex Property Trust (NYSE:ESS) with a Neutral rating and a price target of $225.
October 03, 2023 | 11:48 am
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NEUTRAL IMPACT
Essex Property Trust has been initiated with a Neutral rating by Wedbush, with a price target of $225.
The initiation of coverage by Wedbush with a Neutral rating indicates that the analyst sees the stock as fairly valued at current levels. The price target of $225 suggests where the analyst believes the stock will trade in the near term. This could influence investor sentiment and potentially impact the stock's price, but the neutral rating suggests no significant movement is expected in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100