B of A Securities Downgrades Equity Lifestyle Props to Neutral, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jeffrey Spector has downgraded Equity Lifestyle Props (NYSE:ELS) from Buy to Neutral and lowered the price target from $70 to $64.
October 23, 2023 | 11:23 am
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Equity Lifestyle Props (ELS) has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $64.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for ELS. The lowered price target from $70 to $64 also suggests that the analyst believes the stock may not perform as well as previously expected in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100