Scotiabank Maintains Sector Outperform on Welltower, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on Welltower (NYSE:WELL) but lowers the price target from $97 to $96.
March 04, 2024 | 4:27 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Outperform rating on Welltower but lowers the price target from $97 to $96.
The slight decrease in price target from $97 to $96 by Scotiabank, while maintaining a Sector Outperform rating, suggests a minor adjustment in valuation rather than a fundamental change in the company's outlook. This adjustment is likely based on recent market conditions or minor changes in financial projections. The impact on the stock price is expected to be neutral in the short term as the rating remains positive, indicating continued confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90