KeyBanc initiated coverage of Regency Centers (REG) with an Overweight rating and $80 price target The company owns and operates one of the highest quality, open-air shopping center portfolios in the public markets, the analyst tells investors in a research note. The firm says Regency is in a unique position heading into 2025 and 2026 given its improving internal growth profile, development platform that is positioned to create value through accretive investments at a point in the cycle where there is little new development taking place, and strong balance sheet with below-average leverage.
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Read More on REG:
- Regency Centers downgraded to Hold from Buy at Deutsche Bank
- Regency Centers downgraded to In Line from Outperform at Evercore ISI
- Regency Centers price target raised to $81 from $72 at Argus
- Regency Centers price target raised to $80 from $75 at Compass Point
- Regency Centers price target raised to $72 from $71 at Evercore ISI