Wells Fargo Upgrades Welltower (WELL) to Overweight, Sets $158 PT

Welltower Inc. (NYSE:WELL) is one of the must-buy US stocks to invest in. On August 4, Wells Fargo upgraded Welltower to “Overweight” from “Equal Weight.” The firm set a new price target of $158, higher than the stock’s trading price of $138.81 at the time. The upgrade was timed with a recent drop in Welltower’s share price (down nearly 10% over the previous week), which analysts viewed as a buying opportunity for investors.

Wells Fargo Upgrades Welltower (WELL) to Overweight, Sets $158 PT

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Wells Fargo’s analyst, Connor Siversky, stated: “We’ve been on the sidelines waiting for the right moment to get back into WELL and the recent pullback gives us an opportunity.” The firm’s positive view is based on strengths in Welltower’s senior housing operations, management team, and financial structure. The company has maintained consistent dividend payments for 50 consecutive years, with a current yield of 1.80%.

The analysts believe Welltower is well-positioned to handle economic challenges, such as tariffs and potential recessions. They expect the company to benefit from distressed investment opportunities due to market volatility and widening credit spreads.

Welltower Inc. (NYSE:WELL) is a real estate investment trust (REIT). It invests in healthcare infrastructure, owning and managing senior housing, post-acute care, and outpatient medical properties across the United States, Canada, and the United Kingdom. The company partners with leading healthcare operators and developers to provide modern facilities that address the growing demand for senior living and healthcare services.

While we acknowledge the potential of WELL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WELL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.