JP Morgan Maintains Neutral on Equity Residential, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Paolone maintains a Neutral rating on Equity Residential (NYSE:EQR) but raises the price target from $68 to $80.
September 16, 2024 | 2:47 pm
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JP Morgan has maintained a Neutral rating on Equity Residential but increased the price target from $68 to $80, indicating a more positive outlook on the stock's potential value.
The increase in price target from $68 to $80 suggests that JP Morgan sees more upside potential in EQR's stock, which could lead to positive investor sentiment and a potential short-term price increase. However, the Neutral rating indicates that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100