Wells Fargo Initiates Coverage On Brixmor Property Group with Equal-Weight Rating, Announces Price Target of $21
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Tammi Fique has initiated coverage on Brixmor Property Group (NYSE:BRX) with an Equal-Weight rating and a price target of $21.
May 24, 2023 | 8:35 am
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Wells Fargo initiates coverage on Brixmor Property Group with an Equal-Weight rating and a price target of $21.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook for Brixmor Property Group's stock in the short term. The price target of $21 indicates the analyst's expectation for the stock's fair value. This news is relevant and important for investors in BRX, but the neutral rating suggests no significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100