Mizuho Downgrades EastGroup Props to Neutral, Announces $185 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhotra downgraded EastGroup Properties (EGP) from Buy to Neutral and set a price target of $185.
December 05, 2023 | 10:02 am
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NEGATIVE IMPACT
EastGroup Properties was downgraded by Mizuho from Buy to Neutral with a new price target of $185.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target may also influence market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100