RBC Capital Maintains Sector Perform on Equity Lifestyle Props, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Heffern has maintained a 'Sector Perform' rating on Equity Lifestyle Properties (NYSE:ELS) but has reduced the price target from $71 to $70.
January 25, 2024 | 4:35 pm
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NEGATIVE IMPACT
RBC Capital has maintained a 'Sector Perform' rating on Equity Lifestyle Properties and lowered the price target from $71 to $70.
The reduction in price target by RBC Capital suggests a slightly less optimistic outlook on ELS's stock price performance in the short term. While the rating remains unchanged, the lower price target could lead to a negative perception among investors, potentially causing a short-term dip in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100