Stifel analyst Simon Yarmak raised the firm’s price target on Equity Residential (EQR) to $80.50 from $80 and keeps a Buy rating on the shares after the company reported Q2 normalized FFO per share that was in-line with the firm’s estimate and 1c above the Street consensus.
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 EQR:
- Equity Residential: Hold Rating Amid Mixed Signals and Lease Growth Concerns
- Equity Residential reports Q2 normalized FFO 99c, consensus 99c
- Equity Residential raises FY25 normalized FFO to $3.97-$4.03 from $3.90-$4.00
- Equity Residential sees Q3 normalized FFO $0.99-$1.03
- Is EQR a Buy, Before Earnings?