Welltower, Inc. (WELL) PT Raised to $105 at Mizuho

Mizuho analyst Haendel St. Juste raised the price target on Welltower, Inc. (NYSE: WELL) to $105.00 (from $98.00) while maintaining a Buy rating.

The analyst commented: "We recently sat down with Welltower’s management and discussed a variety of topics including a) the growing importance of balance sheet flexibility, b) the senior housing platform, and c) the margin / operating leverage embedded in the system. We came away incrementally positive on the company’s ability to see accelerating underlying cash-flow growth over the medium-term – reiterate Buy and Top Pick. Our updated WELL model suggests the high end of FFO is achievable, but we also see strong growth into FY25. Our price target is $105, up from $98. We also update our VTR model and see the potential for a beat & raise through the year."

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