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UPDATE: Cantor Fitzgerald Downgrades Equity Lifestyle Properties to Hold on Strong Absolute/Relative Performance

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In a report published Friday, Cantor Fitzgerald analyst David Toti downgraded the rating on Equity Lifestyle Properties (NYSE: ELS) from Buy to Hold, but reiterated the $75.50 price target.

In the report, Toti noted, “We downgrade shares of Equity Lifestyle Properties (NYSE: ELS) to Hold from BUY; we leave our $75.50 price target unchanged. We updated our ELS price target on February 4, 2013. The downgrade is predicated upon strong absolute and relative performance in the shares, which have risen 20.0% YTD, outpacing the RMZ by 8.1% and S&P 500 Index by 8.3%. The achievement of our price target, absent meaningful visibility to additional catalysts, causes us to take a more neutral view.”

Equity Lifestyle Properties closed on Thursday at $80.45.

Latest Ratings for ELS

DateFirmActionFromTo
Jul 2014CitigroupMaintainsNeutral
Apr 2014Imperial CapitalMaintainsOutperform
Mar 2014CitigroupDowngradesBuyNeutral

View More Analyst Ratings for ELS
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Downgrades Analyst Ratings

 

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