BMO Capital Downgrades Equity Residential (EQR) to Market Perform

October 6, 2022 6:37 AM EDT
Get Alerts EQR Hot Sheet
Price: $63.53 +1.63%

Rating Summary:
    11 Buy, 27 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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BMO Capital analyst John Kim downgraded Equity Residential (NYSE: EQR) from Outperform to Market Perform with a price target of $74.00 (from $88.00).

The analyst commented, "We are downgrading EQR to Market Perform on the back of higher interest rate and cap rate assumptions."

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

Shares of Equity Residential closed at $66.53 yesterday.

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