Stifel lowered the firm’s price target on Equity Residential (EQR) to $79.75 from $80.50 and keeps a Buy rating on the shares after the company reported Q3 normalized FFO per share of $1.02, in-line with the firm’s estimate and 1c above the Street forecast.
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 EQR:
- Equity Residential: Navigating Challenges with Strategic Buybacks and Financial Stability
- Equity Residential reports Q3 normalized FFO $1.02, consensus $1.02
- Equity Residential sees Q4 normalized FFO $1.02-$1.06
- Equity Residential (EQR) Q3 Earnings Cheat Sheet
- Equity Residential price target lowered to $71 from $72 at Evercore ISI