B of A Securities Downgrades Equity Residential to Neutral, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Equity Residential (NYSE:EQR) from Buy to Neutral, while raising the price target from $78 to $82.
September 24, 2024 | 3:08 pm
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NEUTRAL IMPACT
B of A Securities downgraded Equity Residential from Buy to Neutral, indicating a less bullish outlook. However, the price target was raised to $82, suggesting some positive expectations.
The downgrade from Buy to Neutral suggests a less optimistic view on EQR's short-term performance, which could lead to a neutral impact on the stock price. However, the raised price target to $82 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100