Market Overview

UPDATE: Jefferies Downgrades Equity Residential to Hold on Slowdown in Fundamentals

Related EQR
REIT Recap For August 18, 2014
Equity Residential Promises Strong Growth Prospects - Analyst Blog

Jefferies downgraded Equity Residential (NYSE: EQR) from Buy to Hold and lowered the price target from $64.00 to $58.00.

Jefferies said, "We still believe that the ongoing portfolio transformation at EQR will lead to higher multiples, but a meaningful slowdown in coastal market fundamentals appears to be occurring at the same time that EQR is increasing exposure to these markets. We therefore downgrade EQR to a Hold rating."

Equity Residential closed at $54.46 on Monday.

Latest Ratings for EQR

DateFirmActionFromTo
Sep 2014Capital One FinancialInitiates Coverage onEqual-weight
Aug 2014Deutsche BankMaintainsHold
Aug 2014JefferiesUpgradesUnderperformHold

View More Analyst Ratings for EQR
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (EQR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters