BofA analyst Jeffrey Spector lowered the firm’s price target on Welltower (WELL) to $240 from $242 and keeps a Buy rating on the shares. After updating models for Q1 earnings, the firm is lowering its price target to reflect the addition of a spread applied to Welltower’s discount rate to more effectively show cost of debt, the analyst tells investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WELL: