Ventas price target raised to $77 from $72 at Wells Fargo

Wells Fargo raised the firm’s price target on Ventas (VTR) to $77 from $72 and keeps an Overweight rating on the shares following quarterly results. Weakness over the past week was in part due to de-grossing and some unwinding in the sector, but the firm expects strength of the underlying fundamentals to continue to drive good results for the sector.