KeyBanc raised the firm’s price target on Brixmor to $28 from $26 and keeps an Overweight rating on the shares following Q2 earnings. Leasing activity continues to improve and the company’s $64.7M SNO pipeline points to an elongated period of above-trend growth, says the firm. KeyBanc expects recaptured square footage from troubled/watchlist tenants to be minimal overall, and while bad debt trends are normalizing, it does not expect a return to historical norms to throw Brixmor off course.
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