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ESS Maintained by Wells Fargo -- Price Target Lowered to $262
Wells Fargo maintained an Equal-Weight rating on Essex Property Trust (ESS) but lowered its price target to $262 from $268. According to GuruFocus, ESS is currently undervalued by 8.7% with a GF Value™ of $279.02 and boasts a strong GF Score™ of 80/100, indicating solid overall performance despite a weaker financial strength rating. No insider trading activity has been reported for ESS in the past three months.