Compass Point raised the firm’s price target on Phillips Edison to $37 from $36 and keeps a Neutral rating on the shares. The firm is adjusting price targets for select shopping center REITs to reflect improving earnings expectations, the imminent prospect of rate cuts, as well as relative REIT valuation movements.
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Read More on PECO:
- Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 4.950% Senior Unsecured Notes Due 2035
- Phillips Edison upgraded by Moody’s
- Phillips Edison & Company Upgraded by Moody’s to ‘Baa2’ with Stable Outlook
- Phillips Edison increases monthly dividend distribution by 5.1% to 10.25c p/s
- Phillips Edison Announces Upcoming Monthly Share Distributions
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