EastGroup Properties price target lowered to $175 from $195 at Baird

Baird lowered the firm’s price target on EastGroup Properties to $175 from $195 and keeps an Outperform rating on the shares. The firm said while they still expect headwinds for the industrial sector here as rates have reversed and fundamentals decelerate, they still like the shares on a relative basis, given its differentiated product type and Sunbelt market focus.