Truist raises Equity Residential target to $72
Truist analyst raised the firm’s price target on Equity Residential to $72 from $70 and kept a Buy rating.
The adjustment is based on expectations for 2.2% year-over-year same-store revenue growth in 2026 and 4.0% expense growth.
This move follows other recent changes, including Mizuho raising its price target to $70 from $66 and RBC Capital downgrading Equity Residential to Sector Perform with a price target of $70, up from $69.