JP Morgan Downgrades Welltower to Neutral, Announces $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller has downgraded Welltower (NYSE:WELL) from Overweight to Neutral and set a price target of $90.
October 12, 2023 | 9:33 am
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NEGATIVE IMPACT
Welltower has been downgraded from Overweight to Neutral by JP Morgan, with a price target of $90.
The downgrade from JP Morgan could potentially lead to a decrease in investor confidence in Welltower, which may negatively impact the stock price in the short term. The price target of $90 indicates the analyst's expectation of the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100