Welltower downgraded to In Line from Outperform at Evercore ISI

Evercore ISI analyst Steve Sakwa downgraded Welltower to In Line from Outperform with a price target of $81, down from $82. The company’s operations nor its balance sheet are concerns, but the stock’s valuation “appears limited” for the intermediate term, the analyst tells investors in a research note. Given the sub-5% total return to the price target, an In Line rating is more appropriate, says the firm.