Morgan Stanley Maintains Equal-Weight on Equity Residential, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Kramer has maintained an Equal-Weight rating on Equity Residential (NYSE:EQR) and increased the price target from $58 to $64.
February 26, 2024 | 3:50 pm
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Morgan Stanley has maintained an Equal-Weight rating on Equity Residential and raised the price target from $58 to $64.
The increase in price target by Morgan Stanley suggests a positive outlook on Equity Residential's stock value in the short term. Given the firm's influence, this adjustment is likely to be viewed positively by the market, potentially leading to an increase in stock price. However, the maintenance of an Equal-Weight rating indicates that while the outlook is positive, there may be factors that prevent a more bullish stance, such as market conditions or company-specific risks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100