RBC Capital lowered the firm’s price target on EastGroup Properties (EGP) to $183 from $186 and keeps a Sector Perform rating on the shares. The firm adjusted estimates post the company’s recent business update and a meeting with management. EastGroup remains well positioned in the shallow bay, sunbelt industrial markets, but the company has recently been navigating a few tenant disruptions that will likely have a modest impact to its near-term earnings run-rate, the analyst tells investors in a research note.
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Read More on EGP:
- EastGroup Properties price target lowered to $180 from $186 at Morgan Stanley
- EastGroup Properties downgraded to Sector Weight from Overweight at KeyBanc
- EastGroup Properties upgraded to Strong Buy from Outperform at Raymond James
- EastGroup Properties price target lowered to $186 from $190 at Truist
- EastGroup Properties price target lowered to $199 from $214 at Wells Fargo