Truist Raises Price Target for Equity Residential (EQR)
On June 16, 2026, Truist analyst Michael Lewis raised the price target on Equity Residential (NYSE:EQR) to $72 from $70 while maintaining a Buy rating. The adjustment was based on expected same-store revenue growth of 2.2% and expense growth of 4.0%, leading to projected net operating income growth of 1.3%. This aligns with management's guidance range.
Topics: Equity Residential Mizuho RBC Capital Real Estate Investment Trusts (REITs) Truist