Scotiabank analyst Nicholas Yulico lowered the firm’s price target on Equity Residential (EQR) to $77 from $78 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on U.S. Multifamily REITs stocks under its coverage, the analyst tells investors. Following Q2-earnings underperformance, valuation for stocks in this sector look “very attractive” on an absolute basis and relative basis.
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Read More on EQR:
- Equity Residential price target lowered to $75 from $76.50 at Morgan Stanley
- Equity Residential price target lowered to $81 from $83 at Barclays
- Equity Residential price target raised to $80.50 from $80 at Stifel
- Equity Residential: Hold Rating Amid Mixed Signals and Lease Growth Concerns
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