Scotiabank raised the firm’s price target on Welltower to $110 from $108 and keeps an Outperform rating on the shares. The firm’s recent survey of prospective Senior Housing residents indicated a healthy pipeline of demand, though at a slower move-in pace than previously anticipated, the analyst tells investors. Scotiabank believes results from its survey combined with an eventual improved home sales market supports continued demand drivers benefiting the Senior Housing Operating segment’s performance.
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