Wedbush Initiates Coverage On EastGroup Props with Neutral Rating, Announces Price Target of $175
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Richard Anderson has initiated coverage on EastGroup Props (NYSE:EGP) with a Neutral rating and a price target of $175.
October 03, 2023 | 12:06 pm
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Wedbush has initiated coverage on EastGroup Props with a Neutral rating and a price target of $175.
The initiation of coverage by Wedbush with a Neutral rating suggests that the firm sees the stock as fairly valued at current levels. The price target of $175 indicates where they believe the stock will trade in the near future. This could influence investor sentiment and potentially impact the stock's price, but the neutral rating suggests no significant movement is expected in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100