Welltower price target raised to $90 from $74 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Welltower to $90 from $74 and keeps an Overweight rating on the shares. Senior housing demand is recovering ahead of expectations and the firm sees “another potential leg of outperformance,” says the analyst, who adds that Welltower remains the firm’s favorite senior housing play given higher conviction in peer-leading organic and FFO per share growth.