Welltower downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital downgraded Welltower to Sector Perform from Outperform with a price target of $97, up from $92. The analyst remains encouraged by Welltower’s growth prospects and believes the company has both a strong organic and external growth outlook. However, this positive outlook is likely already reflected in the stock’s valuation, the analyst tells investors in a research note.