Goldman Sachs Maintains Buy Rating for Phillips Edison: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs maintains its Buy rating for Phillips Edison (NASDAQ:PECO) and raises its price target from $38.00 to $39.00. Shares of PECO are trading up 0.72% at $33.50 per share.
June 13, 2023 | 5:00 pm
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Goldman Sachs maintains Buy rating for Phillips Edison and raises price target to $39. PECO shares trade up 0.72% at $33.50.
Goldman Sachs' decision to maintain a Buy rating and raise the price target for Phillips Edison (PECO) is a positive signal for the stock. The new price target of $39 represents a 16.42% increase from the current share price, which could attract more investors and drive the stock price up in the short term. The 0.72% increase in PECO's share price over the last 24 hours also indicates a positive market reaction to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100