BMO Capital Maintains Market Perform on Phillips Edison, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Juan Sanabria has maintained a 'Market Perform' rating on Phillips Edison (NASDAQ:PECO) and increased the price target from $37 to $40.
December 15, 2023 | 6:00 pm
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BMO Capital analyst Juan Sanabria maintains a 'Market Perform' rating on Phillips Edison and raises the price target from $37 to $40.
The increase in price target by BMO Capital suggests a positive outlook on Phillips Edison's stock value in the short term. This could lead to increased investor confidence and a potential rise in the stock price as the new target suggests an upside from the current trading level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100