Jefferies Upgrades Welltower, Inc. (WELL) to Buy

Jefferies analyst Jonathan Petersen upgraded Welltower, Inc. (NYSE: WELL) from Hold to Buy with a price target of $147.00 (from $132.00).

The analyst comments: "With senior housing operating portfolios (SHOP) setting up for multiple years of outsized growth, we see WELL as the premier SHOP REIT with ~57% NOI exposure. In addition to a strong macro backdrop, WELL plans to expand their end-to-end tech platform to additional operators in 2025, enhancing margin expansion. While valuation screen expensive relative to peers and historical levels, when adjusting for growth it appears more reasonable."

For an analyst ratings summary and ratings history on Welltower, Inc. click here. For more ratings news on Welltower, Inc. click here.

Shares of Welltower, Inc. closed at $126.03 yesterday.

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