Goldman Sachs Reinstates Sell on Essex Property Trust, Announces $227 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Chandni Luthra has reinstated Essex Property Trust (NYSE:ESS) with a Sell rating and set a price target of $227.

February 22, 2024 | 11:32 am
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Goldman Sachs has reinstated Essex Property Trust with a Sell rating and a price target of $227.
The reinstatement of a Sell rating by a prominent analyst like Chandni Luthra from Goldman Sachs, coupled with a specific price target, is likely to influence investor sentiment negatively in the short term. This is because analyst ratings, especially from reputable financial institutions, can significantly impact the perceived value and future performance expectations of a stock.
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IMPORTANCE 90
RELEVANCE 100