Welltower price target raised to $200 from $150 at KeyBanc

KeyBanc raised the firm’s price target on Welltower (WELL) to $200 from $150 and keeps an Overweight rating on the shares. The firm believes Welltower is among the best positioned real estate investment trusts to benefit from the “multiyear fundamental tailwinds” in senior housing. The company’s operating momentum remains strong, which could upside to its 2025 outlook, the analyst tells investors in a research note. KeyBanc upped Welltower’s estimates and sees the company’s fundamental strength carrying into Q3.