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UPDATE: Jefferies Upgrades Equity Residential to Buy on Transformative Momentum

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10 Notable Stocks Trading Ex-Dividend Thursday, September 22
Lack Of High-Paying Job Growth Creates Headwind For Equity Residential

Jefferies upgraded Equity Residential (NYSE: EQR) from Hold to Buy and raised the price target from $59.00 to $64.00.

Jefferies commented, "We believe EQR's acquistion of ~60% of Archstone greatly accelerates EQR's transformational story to a REIT focused on owning very high quality assets in better markets. As such, we believe the stock should command a higher multiple to better reflect the repositioned portfolio."

Equity Residential closed at $57.66 on Monday.

Latest Ratings for EQR

DateFirmActionFromTo
Oct 2016MizuhoUpgradesUnderperformNeutral
Sep 2016CitigroupMaintainsNeutral
Aug 2016BTIG ResearchInitiates Coverage onNeutral

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Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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