Jefferies Upgrades Essex Property Trust to Buy, Raises Price Target to $281
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Linda Tsai upgraded Essex Property Trust (NYSE:ESS) from Hold to Buy and increased the price target from $215 to $281.
January 02, 2024 | 11:13 am
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POSITIVE IMPACT
Essex Property Trust was upgraded by Jefferies from Hold to Buy, with a significant increase in price target from $215 to $281.
The upgrade from Hold to Buy by a reputable analyst at Jefferies, along with a substantial raise in the price target, is a strong positive signal for investors. This could lead to increased investor confidence and a potential short-term rise in Essex Property Trust's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100