Stifel Maintains Hold on Equity Residential, Lowers Price Target to $59.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Simon Yarmak has maintained a Hold rating on Equity Residential (NYSE:EQR) but has lowered the price target from $60 to $59.5.
November 17, 2023 | 6:54 pm
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Stifel has maintained a Hold rating on Equity Residential and reduced the price target from $60 to $59.5, indicating a conservative outlook on the stock's value.
The adjustment in price target by Stifel reflects a minor change in valuation, which may not significantly impact the stock price due to the Hold rating being maintained. The slight decrease in target suggests a conservative stance on the company's near-term growth prospects or market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100