Barclays Maintains Equal-Weight on EastGroup Props, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch maintains an Equal-Weight rating on EastGroup Properties (EGP) and lowers the price target from $181 to $175.

April 29, 2024 | 3:38 pm
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Barclays maintains an Equal-Weight rating on EastGroup Properties and lowers the price target from $181 to $175.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in EGP's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered target indicates a revision of the stock's future growth or performance expectations.
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