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EastGroup Properties downgraded to In Line from Outperform at Evercore ISI

EastGroup Properties downgraded to In Line from Outperform at Evercore ISI

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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