Stifel lowered the firm’s price target on Equity Residential to $59.50 from $60 and keeps a Hold rating on the shares. The firm lowered its FFO estimates for FY24 and FY25 to reflect the softer environment, the analyst tells investors.
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Read More on EQR:
- 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
- Equity Residential reports Q3 normalized FFO 96c, consensus 97c
- EQR Earnings this Week: How Will it Perform?
