The Latest Analyst Ratings For Phillips Edison
Portfolio Pulse from Benzinga Insights
Phillips Edison (NASDAQ:PECO) received mixed analyst ratings in the latest quarter, with an updated average 12-month price target of $37.25, reflecting a 1.36% increase from the previous target. Analysts' actions varied, with some raising and others lowering their price targets and ratings. Despite positive revenue growth of 6.49% as of December 31, 2023, Phillips Edison's financial performance indicators such as net margin, ROE, and ROA lag behind industry averages, posing challenges for the company.
February 23, 2024 | 1:00 pm
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Phillips Edison received mixed analyst ratings with an updated average 12-month price target of $37.25. Despite showing a positive revenue growth of 6.49%, its financial performance indicators such as net margin, ROE, and ROA are below industry averages.
The mixed analyst ratings and the slight increase in the average price target suggest a cautiously optimistic outlook for PECO. However, the company's below-average financial performance indicators could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100