Equity Lifestyle upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Equity Lifestyle citing the company's efforts to minimize balance sheet risk and its decision to raise its 2014 dividend. Wells raised its price target range for shares to $40-$42 from $38.50-$39.
Equity Lifestyle announces that court grants relief in California lawsuit Equity Lifestyle said in a press release the following: "Equity LifeStyle Properties announces that, in the California Superior Court for Santa Clara County, Case No. 109CV140751, involving our California Hawaiian property, the Court has ruled on our post-trial motions and granted us a new trial on the issue of damages while upholding the juryís determination of liability. As grounds for the ruling, the Court cited excessive damages and insufficiency of the evidence to support the verdict as to the amount of damages awarded by the jury. The Courtís ruling overturns the April 2014 verdicts of $15.3M in compensatory damages and $95.8M in punitive damages. We intend to continue to vigorously defend ourselves in the litigation."