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Equity Residential (NYSE:EQR) Given New $70.00 Price Target at Evercore
Evercore increased its price target for Equity Residential (NYSE:EQR) from $67.00 to $70.00, reiterating an “outperform” rating, indicating a potential 6.15% upside. This adjustment follows the company’s Q1 results, which missed EPS and revenue expectations, and a cautious Q2 and FY 2026 EPS guidance. While analysts maintain a consensus “Hold” rating with an average target of $69.66, institutional ownership remains high at about 92.7%.