Wells Fargo analyst John Kilichowski upgraded Welltower (WELL) to Overweight from Equal Weight with a $158 price target following the recent selloff. The firm sees the core business as more resistant to tariffs/recession vs other REIT sectors and views the growth story as intact. Wells says it has been on the sidelines waiting for the right moment to get back into Welltower and the recent pullback gives it an opportunity.
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Read More on WELL:
- Welltower files automatic mixed securities shelf
- Welltower price target raised to $170 from $141 at Mizuho
- Welltower price target raised to $158 from $140 at Wells Fargo
- Welltower price target raised to $166 from $165 at Scotiabank
- Welltower announces acquisition of senior lifestyles portfolio for C$4.6B
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