JP Morgan Maintains Neutral on Essex Property Trust, Raises Price Target to $297
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Paolone maintains a Neutral rating on Essex Property Trust (NYSE:ESS) but raises the price target from $265 to $297.
September 16, 2024 | 2:49 pm
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JP Morgan has maintained a Neutral rating on Essex Property Trust but increased the price target from $265 to $297, indicating a positive outlook on the stock's valuation.
The increase in price target from $265 to $297 suggests a positive outlook on Essex Property Trust's valuation, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100