RBC Capital upgraded Welltower (WELL) to Outperform from Sector Perform with a price target of $168, up from $146. The company will continue to generate solid growth, “in part due to strong fundamentals and an attractive investment backdrop,” the analyst tells investors in a research note. The firm says Welltower recently launched its fund business and is rolling out its technology platform, both of which should be additive to the long-term outlook. The fund business should allow the company to pursue a wider range of deals, contends RBC.
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Read More on WELL:
- Welltower price target raised to $242 from $221 at BofA
- Welltower’s Strategic Positioning and Robust Growth Drive Buy Rating with $242 Price Target
- Wedbush upgrades Welltower to Outperform, raises price target to $167
- Welltower upgraded to Outperform from Neutral at Wedbush
- Welltower Inc.: A Strong Buy on Robust Financial Performance and Strategic Growth
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