Brixmor price target raised to $32 from $29 at Scotiabank

Scotiabank raised the firm’s price target on Brixmor (BRX) to $32 from $29 and keeps an Outperform rating on the shares. Following a strong Q3 stock performance, the U.S. REIT market has retreated as fears of inflation pushed the 10-year Treasury bond yield higher, the analyst tells investors. The firm believes REITs look historically expensive compared to the real yield in the economy, and Scotiabank remains selective.