Mizuho Maintains Neutral on Equity Residential, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhorta has maintained a Neutral rating on Equity Residential (NYSE:EQR) and increased the price target from $58 to $62.
January 10, 2024 | 3:56 pm
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POSITIVE IMPACT
Mizuho has maintained a Neutral rating on Equity Residential but raised the price target from $58 to $62, indicating a positive outlook on the stock's value.
The increase in price target by Mizuho suggests an improved valuation assessment of Equity Residential, which could lead to increased investor interest and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100