Mizuho Maintains Outperform on Phillips Edison, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Haendel St. Juste has maintained an Outperform rating on Phillips Edison (NASDAQ:PECO) and raised the price target from $33 to $36.
August 19, 2024 | 3:37 pm
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POSITIVE IMPACT
Mizuho has reaffirmed its Outperform rating on Phillips Edison and increased the price target to $36, indicating confidence in the company's future performance.
The increase in the price target from $33 to $36 by Mizuho suggests a positive outlook on Phillips Edison's future performance. The Outperform rating indicates that the analyst expects the stock to perform better than the market average, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100