Jefferies upgraded Equity Lifestyle (ELS) to Buy from Hold with a price target of $80, up from $72. The firm is “constructive” on manufactured housing into 2025, citing the tailwinds of an aging population and affordability challenges in the housing market. The analyst expects growth above other residential sectors at a “reasonable valuation.” Jefferies upgrades Equity Lifestyle to Buy on accelerating funds from operations growth in 2025 coupled with valuation that is a at a discount to historical averages.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELS: