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UPDATE: Jefferies Upgrades Equity Residential to Buy on Transformative Momentum

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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
Apr 2015Janney CapitalInitiates Coverage onNeutral
Apr 2015BMO CapitalInitiates Coverage onOutperform
Mar 2015RW BairdInitiates Coverage onNeutral

View More Analyst Ratings for EQR
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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