What Analysts Are Saying About Phillips Edison Stock
Portfolio Pulse from Benzinga Insights
In the last three months, 4 analysts have published ratings on Phillips Edison (NASDAQ:PECO), with a mix of bullish and bearish perspectives. The average 12-month price target is $35.25, down 7.24% from the previous $38.00. Analysts from Deutsche Bank, Wells Fargo, Mizuho, and Compass Point have all lowered their price targets.
May 29, 2024 | 4:01 pm
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NEGATIVE IMPACT
Phillips Edison (NASDAQ:PECO) has received mixed analyst ratings over the past three months, with a notable 7.24% drop in the average 12-month price target to $35.25. Analysts from Deutsche Bank, Wells Fargo, Mizuho, and Compass Point have all lowered their price targets.
The mixed analyst ratings and the significant drop in the average price target suggest a bearish short-term outlook for Phillips Edison. The lowered price targets from multiple reputable firms indicate concerns about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100