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Fly News Breaks for February 14, 2019
EQR
Feb 14, 2019 | 08:13 EDT
Argus analyst Jacob Kilstein raised his price target on Equity Residential to $80 and kept his Buy rating after its in-line Q4 earnings. The analyst says the company should benefit from "above-average rental pricing, employment growth, the appeal of city amenities, the high cost of home ownership relative to income, and the flexibility of rentals." Kilstein further cites Equity Residential's revenue growth and margin expansion outpacing its rising costs.
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