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Fly News Breaks for May 23, 2019
EQR
May 23, 2019 | 08:40 EDT
Argus analyst Jacob Kilstein raised his price target on Equity Residential to $84 and kept his Buy rating, saying the REIT is positioned to benefit from two key catalysts. The analyst points to favorable demographics and "above average rental pricing" - a key target market for Equity Residential - as many young professionals' need for a single family home is "delayed" by a later start in having a family. Kilstein also cites the pause in interest rate tightening by the Federal Reserve.
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