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Fly News Breaks for February 13, 2018
ESS
Feb 13, 2018 | 07:08 EDT
As previously reported, BofA/Merrill upgraded Essex Property Trust to Buy from Neutral and raised its price target to $284 from $273. Analyst Juan Sanabria said West coast markets are healthy and Essex has the highest expected jobs/supply in 2018 that should lead to upside in 2018 guidance. He continues to like the company's management, capital allocation, and its strong balance sheet with well placed B assets in top markets.