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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