- BMO analyst John Kim upgrades Essex Property (ESS +0.3%) to Outperform as major tech firms accelerate job postings.
- Lifts price target 13% to $310.
- "ESS has the highest exposure to Seattle and the Bay Area, the two markets with the largest job postings among 50 leading tech companies representing $11T in market cap," Kim writes in a note.
- Kim's rating is more optimistic than the Quant rating of Neutral and is more aligned with the Bullish average Wall Street analyst rating (7 Very Bullish, 2 Bullish, 12 Neutral, 2 Bearish).
Essex Property upgraded to Outperform as tech companies boost hiring
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Symbol | Last Price | % Chg |
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ESS | - | - |
Essex Property Trust, Inc. |