Mizuho analyst Richard Anderson initiated EastGroup Properties with a Buy and a $83 price target. The analyst said EastGroup's recent history of significant underperformance in 2014 and 2015 provide a measure of support for alpha generation from here, aided by a strong dividend track-record. He also said EastGroup is small enough to be considered a relatively attractive M&A target, particularly for suitors looking to play the increasing demand of same-day delivery given its locations to population centers.
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