Wells Fargo raised the firm’s price target on Welltower (WELL) to $228 from $218 and keeps an Overweight rating on the shares. The firm continues to view Senior Housing as a preferred sector within the REIT space as fundamentals continue to point towards same-store net operating income growth levels in 2026 that can approximate or surpass 2025 levels. Wells remains constructive on skilled nursing facilities as well but with more caution near-term nearing state budgetary season and look for greater visibility on how states will reapportion dollars following the Medicaid cuts.
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