Evercore ISI Adjusts Price Target on Welltower to $260 From $225, Maintains Outperform Rating

Evercore ISI has raised its price target for Welltower (WELL) to $260 from $225, while reiterating an Outperform rating on the stock. This adjustment comes amidst other analyst revisions and recent positive news for Welltower, including rising Q2 normalized FFO and revenue, and an increased full-year guidance. Welltower is a real estate investment trust focused on senior housing across the US, UK, and Canada.