Mizuho lowered the firm’s price target on Equity Residential to $61 from $62 and keeps a Neutral rating on the shares. The apartment real estate investment trust 2024 guides came in below consensus, with pockets of clear conservatism embedded within the company’s outlooks, the analyst tells investors in a research note. The firm updated estimates and price targets post the Q4 reports.
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Read More on EQR:
- Equity Residential price target raised to $64 from $58 at Morgan Stanley
- Equity Residential resumed with a Buy at Goldman Sachs
- Equity Residential price target lowered to $67 from $69 at Barclays
- A New Cause for Concern: Equity Residential Adds a New Debt & Financing Risk
- Equity Residential sees Q1 normalized FFO 88c-92c
