Morgan Stanley Maintains Equal-Weight on Essex Property Trust, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Kramer has maintained an Equal-Weight rating on Essex Property Trust (NYSE:ESS) and increased the price target from $230 to $250.
May 14, 2024 | 4:53 pm
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Morgan Stanley has maintained its Equal-Weight rating on Essex Property Trust but raised the price target from $230 to $250, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on the stock's future performance. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100