Wells Fargo Downgrades Equity LifeStyle Properties (ELS) to Market Perform

Wells Fargo analyst Todd Stender downgraded Equity LifeStyle Properties (NYSE: ELS) from Outperform to Market Perform with a price target of $112.00.

The analyst comments "We believe ELS shares can perform in line with the overall REIT group due to healthy sector fundamentals, strong same store NOI growth, and solid balance sheet flexibility."

For an analyst ratings summary and ratings history on Equity LifeStyle Properties click here. For more ratings news on Equity LifeStyle Properties click here.

Shares of Equity LifeStyle Properties closed at $114.32 yesterday.

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