Welltower, Inc. (WELL) PT Raised to $120 at Citi

Citi analyst Michael Griffin raised the price target on Welltower, Inc. (NYSE: WELL) to $120.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "Following 1Q earnings, we are updating our WELL model for updated operating, financing, and leasing assumptions. As a result, 2024E normalized FFOps increased to $4.11 from $4.00 and 2025E normalized FFOps increased to $4.57 from $4.42."

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