B of A Securities Downgrades Essex Property Trust to Neutral, Raises Price Target to $321
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Essex Property Trust from Buy to Neutral, while raising the price target from $307 to $321.
September 24, 2024 | 3:17 pm
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NEUTRAL IMPACT
Essex Property Trust has been downgraded by B of A Securities from Buy to Neutral, but the price target has been increased to $321.
The downgrade from Buy to Neutral suggests a less optimistic outlook, which could negatively impact investor sentiment. However, the raised price target indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100