Stifel lowered the firm’s price target on Equity Residential (EQR) to $79.75 from $80.50 and keeps a Buy rating on the shares after the company reported Q3 normalized FFO per share of $1.02, in-line with the firm’s estimate and 1c above the Street forecast.
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Read More on EQR:
- Equity Residential: Navigating Challenges with Strategic Buybacks and Financial Stability
- Equity Residential reports Q3 normalized FFO $1.02, consensus $1.02
- Equity Residential sees Q4 normalized FFO $1.02-$1.06
- Equity Residential (EQR) Q3 Earnings Cheat Sheet
- Equity Residential price target lowered to $71 from $72 at Evercore ISI