Evercore ISI raised the firm’s price target on Equity Residential (EQR) to $72 from $71 and keeps an Outperform rating on the shares. In a broad REIT note, the analyst rolled forward models to incorporate the firm’s 2027 AFFO estimates into its price target framework.
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 CEO to Speak at Real Estate Conference
- Equity Residential Updates on Revenue and Occupancy Trends
- Equity Residential price target lowered to $75 from $78 at Truist
- Equity Residential price target lowered to $77 from $78 at Scotiabank
- Equity Residential price target lowered to $75 from $76.50 at Morgan Stanley