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Evercore Cuts Equity Residential (NYSE:EQR) Price Target to $67.00
Evercore has lowered its price target for Equity Residential (NYSE:EQR) to $67.00 from $70.00, while maintaining an “outperform” rating, indicating a potential 11.62% upside. This adjustment follows Equity Residential’s Q4 earnings, where it missed EPS estimates by $0.01 and reported revenue slightly below expectations, alongside providing Q1 and FY2026 EPS guidance. Recent insider sales by the COO and EVP aggregated 10,058 shares, contrasting with institutional investors who own around 92.68% of the company.