Mizuho Maintains Buy on Phillips Edison, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Haendel St. Juste maintains a Buy rating on Phillips Edison (NASDAQ:PECO) but lowers the price target from $37 to $33.
May 23, 2024 | 2:08 pm
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Mizuho analyst Haendel St. Juste maintains a Buy rating on Phillips Edison but lowers the price target from $37 to $33.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook on its near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100