Mizuho Maintains Neutral on Phillips Edison, Raises Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Haendel St. Juste maintains a Neutral rating on Phillips Edison (NASDAQ:PECO) and raises the price target from $30 to $35.
July 20, 2023 | 3:58 pm
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NEUTRAL IMPACT
Mizuho maintains a Neutral rating on Phillips Edison and raises the price target from $30 to $35.
The news is directly about Phillips Edison (PECO). Mizuho's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $30 to $35 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100