Market Overview

UPDATE: Jefferies Upgrades Equity Residential to Buy on Transformative Momentum

Related EQR
General Growth Properties Hits 52-Week High: Is It A Buy?
Why REITs Have Outperformed During Wild October Trading

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
Nov 2014BarclaysMaintainsOverweight
Nov 2014Credit SuisseInitiates Coverage onNeutral
Oct 2014CitigroupMaintainsNeutral

View More Analyst Ratings for EQR
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (EQR)

Around the Web, We're Loving...

Get Benzinga's Newsletters