Barclays upgraded Equity Lifestyle (ELS) to Overweight from Equal Weight with a price target of $67, down from $70. The stock’s valuation “screens cheaply” relative to Equity Lifestyle’s residential peers, the analyst tells investors in a research note. The firm believes manufactured home demand will remain stable and grow over the longer term. With Equity Lifestyle “right-sizing” its fiscal 2025 guidance, there is a low bar for the company’s non-core recreational vehicle businesses to improve in fiscal 2026, creating re-rating potential for the shares, Barclays contends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELS:
- Equity Lifestyle price target lowered to $66 from $67 at RBC Capital
- Equity LifeStyle Properties Reports Stable Q2 2025 Performance
- Equity Lifestyle Properties’ Earnings Call Highlights Mixed Sentiments
- Equity Lifestyle upgraded to Buy from Neutral at Compass Point
- Equity Lifestyle’s Mixed Financial Performance Leads to Hold Rating Amid Cautious Outlook