Piper Sandler Maintains Overweight on EastGroup Props, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb maintains an Overweight rating on EastGroup Properties (EGP) but lowers the price target from $215 to $200.

April 29, 2024 | 12:58 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on EastGroup Properties but lowers the price target from $215 to $200.
The adjustment in price target by Piper Sandler, while maintaining an Overweight rating, suggests a positive outlook on EGP's fundamentals but with a slightly reduced growth or valuation expectation. This could lead to a neutral short-term impact on EGP's stock price as the market digests the revised price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100