Goldman Sachs Maintains Buy on Phillips Edison, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Caitlin Burrows maintains a Buy rating on Phillips Edison (NASDAQ:PECO) and raises the price target from $38 to $39.
June 13, 2023 | 12:43 pm
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Goldman Sachs maintains a Buy rating on Phillips Edison (NASDAQ:PECO) and raises the price target from $38 to $39.
The news of Goldman Sachs maintaining a Buy rating and raising the price target for Phillips Edison (NASDAQ:PECO) from $38 to $39 is positive for the stock. This indicates that the analyst believes the stock has potential for growth and is likely to perform well in the short term. The increased price target suggests a higher valuation for the company, which could attract more investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100