Barclays Maintains Equal-Weight on EastGroup Props, Lowers Price Target to $193
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch maintains an Equal-Weight rating on EastGroup Properties (NYSE:EGP) but lowers the price target from $198 to $193.
October 10, 2024 | 2:22 pm
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Barclays has maintained its Equal-Weight rating on EastGroup Properties but has lowered the price target from $198 to $193, indicating a slightly less optimistic outlook.
The lowering of the price target by Barclays suggests a slightly less optimistic view on EastGroup Properties' future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100