Wells Fargo Upgrades EastGroup Props to Overweight, Raises Price Target to $214
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded EastGroup Properties (NYSE:EGP) from Equal-Weight to Overweight and increased the price target from $179 to $214.
August 28, 2024 | 1:44 pm
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Wells Fargo has upgraded EastGroup Properties to Overweight and increased the price target to $214, indicating a positive outlook on the stock.
The upgrade from Equal-Weight to Overweight by Wells Fargo suggests increased confidence in EastGroup Properties' performance. The raised price target from $179 to $214 indicates expectations of a higher valuation, likely leading to a positive short-term impact on the stock price.
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