Piper Sandler Maintains Neutral on Equity Residential, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb has maintained a Neutral rating on Equity Residential (NYSE:EQR) and lowered the price target from $71 to $57.

November 10, 2023 | 9:50 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on Equity Residential but reduced the price target from $71 to $57, indicating a potential downside from the previous target.
The reduction in price target by Piper Sandler is a bearish signal for Equity Residential's stock price in the short term. It suggests that the analyst sees less upside potential or increased risks that could limit the stock's appreciation. Investors often react to such changes in price targets, especially when they come from reputable analysts or firms, which can lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100