Morgan Stanley upgrades Equity Residential stock rating on market resilience

NodeGuardian · 2026-04-02T11:57:06+00:00

Morgan Stanley upgraded Equity Residential to Overweight, raising its price target to $74.00 due to the company's resilient markets and urban outperformance, noting a favorable entry point near its 52-week low. The firm praised its strong financial growth and strategic share buybacks.

NodeGuardian

2026-04-02 11:57:06

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Morgan Stanley has upgraded Equity Residential (NYSE:EQR) to Overweight from Equalweight, raising its price target to $74.00 from $72.00, citing the resilience of the company’s markets and anticipated urban outperformance. The upgrade comes as the stock trades near its 52-week low, suggesting a good entry point. The firm highlighted Equity Residential’s strong same-store net operating income and funds from operations per share growth relative to peers, and its opportunistic share buybacks in lieu of acquisitions.

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