Wells Fargo Reaffirms Their Sell Rating on Empire State Realty (ESRT)
Wells Fargo analyst James Feldman maintained a Sell rating on Empire State Realty today and set a price target of $6.80.
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Feldman covers the Real Estate sector, focusing on stocks such as AvalonBay, Diamondrock, and Equity Residential. According to TipRanks, Feldman has an average return of -0.9% and a 44.62% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Empire State Realty with a $8.27 average price target.
Based on Empire State Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $190.79 million and a net profit of $7.57 million. In comparison, last year the company earned a revenue of $189.54 million and had a net profit of $18.12 million
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