RBC Capital Maintains Outperform on Equity Residential, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Heffern maintains an Outperform rating on Equity Residential (NYSE:EQR) but lowers the price target from $83 to $79.
November 01, 2024 | 5:15 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Equity Residential but lowers the price target from $83 to $79, indicating a slightly less optimistic outlook.
The Outperform rating suggests continued confidence in EQR's performance, but the lowered price target indicates a slightly reduced expectation for future gains. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100