As previously reported, Wells Fargo analyst James Feldman upgraded Essex Property Trust to Equal Weight from Underweight with a price target of $247, up from $208. The firm is rolling out v2 of The Wells Fargo Competitive Supply Analysis in response to investor data analysis requests following v1. Wells’ fresh look through the lens of v2 warrants an upgrade of Essex Property Trust, the firm says.
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Read More on ESS:
- Essex Property Trust upgraded to Equal Weight from Underweight at Wells Fargo
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- Essex Property Trust raises 2023 core FFO outlook to $14.88-$15.12
- Essex Property Trust reports Q2 core FFO $3.77, consensus $3.73
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