JP Morgan Initiates Coverage On EastGroup Props with Neutral Rating, Announces Price Target of $190
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller initiates coverage on EastGroup Props (NYSE:EGP) with a Neutral rating and a price target of $190.

April 11, 2024 | 11:45 am
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NEUTRAL IMPACT
JP Morgan initiated coverage on EastGroup Props with a Neutral rating and a price target of $190.
The initiation of coverage by JP Morgan with a Neutral rating and a specific price target provides investors with a new professional analysis to consider. However, the Neutral rating suggests that the analyst sees the stock performing in line with the market, which might not lead to significant short-term price movement. The price target of $190 could serve as a reference point for investors, indicating the analyst's expectation of the stock's fair value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100