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News For EQR From the Last 2 Days
EQR
Apr 22, 2024 | 05:38 EDT
BMO Capital analyst John Kim upgraded Equity Residential to Outperform from Market Perform with a price target of $70, up from $68. The analyst believes Equity Residential trades at a discounted valuation despite moderate supply risks and a "surprisingly resilient" employment market. The firm believes the company introduced conservative 2024 guidance, which it is is likely to surpass during the year, particularly with U.S. employment resilient.