Mizuho Maintains Neutral on Phillips Edison, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Haendel St. Juste has maintained a Neutral rating on Phillips Edison (NASDAQ:PECO) but has lowered the price target from $36 to $35.

December 01, 2023 | 12:18 pm
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Mizuho analyst Haendel St. Juste maintains a Neutral stance on Phillips Edison but reduces the price target from $36 to $35.
The reduction in price target by a prominent analyst could lead to a negative perception among investors, potentially causing a short-term dip in the stock price. However, since the rating remains Neutral, the impact may not be significantly bearish, but it does suggest less optimism about the stock's growth potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100