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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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