Deutsche Bank analyst Omotayo Okusanya initiated coverage of Equity Lifestyle with a Hold rating and $64 price target. The firm is bullish on overall fundamentals in the space, as well as a believer in the cycle tested management team at the company. In addition, Deutsche worries somewhat that ELS could be more susceptible to downside if fundamentals slow given the premium valuation.
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 ELS:
- Equity Lifestyle price target lowered to $72 from $73 at Truist
- Equity Lifestyle revises Q4 of 2022 FFO to 64c from 66c
- Sun Communities price target lowered to $140 from $143 at BMO Capital
- ELS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Equity Lifestyle downgraded to Hold from Buy at Truist
