JPMorgan upgraded Elme Communities to Overweight from Neutral with a price target of $18, up from $16. The firm, which is making eleven ratings changes in conjunction with its 2024 REITs and Real Estate Services Outlook, thinks its core D.C. metro apartment exposure should have relatively more stability over time than some other metro areas.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ELME:
