Evercore ISI Group Upgrades Regency Centers to Outperform, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Steve Sakwa upgraded Regency Centers (NASDAQ:REG) from In-Line to Outperform and increased the price target from $69 to $71.
January 22, 2024 | 3:07 pm
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POSITIVE IMPACT
Evercore ISI Group upgraded Regency Centers from In-Line to Outperform and raised the price target from $69 to $71, indicating a positive outlook on the stock.
The upgrade to Outperform by Evercore ISI Group suggests a strong confidence in Regency Centers' potential to outperform the market. The increase in price target to $71 further reinforces this positive sentiment. As a result, this news is likely to be taken positively by investors and could lead to a short-term increase in the stock price of REG.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100