Evercore ISI analyst Steve Sakwa downgraded EastGroup Properties (EGP) to In Line from Outperform with a price target of $185, up from $181. The shares have substantially outperformed the real estate investment trust sector in 2025 with a 12% gain, the analyst tells investors in a research note. The firm says that while EastGroup’s shallow bay industrial portfolio remains well leased at 97% and demand still remains solid despite tariff concerns, the implied share upside is limited based on the stock’s $180 closing price on Friday.
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Read More on EGP:
- EastGroup Properties: Stable Performance Amid Market Challenges Justifies Hold Rating
- EastGroup Properties price target raised to $194 from $192 at Baird
- Eastgroup Properties at Risk: Internal Control Deficiencies Threaten Financial Integrity
- EastGroup Properties price target raised to $180 from $168 at Truist
- EastGroup Properties Reports Mixed 2024 Earnings
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