Analysts Offer Insights on Financial Companies: Equity Residential (NYSE: EQR), LTC Properties (NYSE: LTC) and Prudential Financial Inc (NYSE: PRU)

By Carrie Williams

Analysts fell to the sidelines weighing in on Equity Residential (NYSE: EQR), LTC Properties (NYSE: LTC) and Prudential Financial Inc (NYSE: PRU) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Equity Residential (NYSE: EQR)

RBC Capital analyst Wes Golladay reiterated a Hold rating on Equity Residential (NYSE: EQR) today and set a price target of $70. The company’s shares opened today at $67.71, close to its 52-week high of $68.83.

According to TipRanks.com, Golladay is a 5-star analyst with an average return of 7.8% and a 71.3% success rate. Golladay covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, General Growth Properties Inc, and Seritage Growth Properties.

Currently, the analyst consensus on Equity Residential is Hold and the average price target is $68.29, representing a 0.9% upside.

In a report issued on July 17, Jefferies also reiterated a Hold rating on the stock with a $67 price target.
LTC Properties (NYSE: LTC)

RBC Capital analyst Frank Morgan reiterated a Hold rating on LTC Properties (NYSE: LTC) today and set a price target of $50. The company’s shares opened today at $51.21.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 13.7% and a 65.5% success rate. Morgan covers the Services sector, focusing on stocks such as Fresenius Medical Care Corp, Quest Diagnostics Inc, and Team Health Holdings.

Currently, the analyst consensus on LTC Properties is Moderate Buy and the average price target is $52.20, representing a 1.9% upside.

In a report issued on July 25, Stifel Nicolaus also reiterated a Hold rating on the stock with a $50 price target.
Prudential Financial Inc (NYSE: PRU)

In a report released today, Mark Dwelle from RBC Capital reiterated a Hold rating on Prudential Financial Inc (NYSE: PRU), with a price target of $113. The company’s shares opened today at $113.20, close to its 52-week high of $114.55.

According to TipRanks.com, Dwelle is a top 100 analyst with an average return of 14.6% and a 85.2% success rate. Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Marsh & Mclennan Companies.

Currently, the analyst consensus on Prudential Financial Inc is Hold and the average price target is $116.50, representing a 2.9% upside.

In a report issued on July 17, Credit Suisse also maintained a Hold rating on the stock with a $120 price target.

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