Mizuho downgraded Equity Residential to Neutral from Buy with a price target of $58, down from $62. The analyst believes the stock is fairly valued with below-peer average earnings growth. The firm expects apartment real estate investment trusts to continue to lag the REIT sector in the first half of 2024 and recommends incremental caution as well as stock selectivity.
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 EQR:
- Equity Residential price target raised to $62 from $61 at Evercore ISI
- Equity Residential price target lowered to $59.50 from $60 at Stifel
- Equity Residential price target lowered to $66 from $69 at Wells Fargo
- Equity Residential sees Q4 normalized FFO 99c-$1.01, consensus $1.00
- Equity Residential sees FY23 normalized FFO $3.77-$3.79, consensus $3.79
