Wells Fargo raised the firm’s price target on Elme Communities to $17 from $14 and keeps an Equal Weight rating on the shares. While the firm sees long-term upside for Elme, Wells ultimately remains on the sidelines as the company has a lot of work to get done, the analyst tells investors in a research note. The firm views capital raising, asset sales and subsequent investment as the key tests for the company as they look to accomplish these goals.
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Read More on ELME:
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