Truist Securities Maintains Buy on Equity Residential, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis maintains a Buy rating on Equity Residential (EQR) but lowers the price target from $71 to $67.

April 09, 2024 | 5:31 pm
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Truist Securities maintains a Buy rating on Equity Residential but lowers the price target from $71 to $67.
While the maintenance of a Buy rating by Truist Securities indicates a positive outlook on Equity Residential, the reduction in the price target from $71 to $67 suggests a tempered expectation for the stock's short-term performance. This mixed signal could lead to neutral market reaction in the short term as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100