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.
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