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Fly News Breaks for October 21, 2016
EGP
Oct 21, 2016 | 07:04 EDT
Cantor analyst Gaurav Mehta upgraded EastGroup Properties to Hold and raised its price target to $71 from $63. The analyst remains cautious on EastGroup's Houston exposure but is incrementally positive view is driven by attractive industrial real estate fundamentals in the comany's top markets outside of Houston.
News For EGP From the Last 2 Days
EGP
Apr 23, 2024 | 16:11 EDT
EGP
Apr 23, 2024 | 16:10 EDT
EGP
Apr 22, 2024 | 05:41 EDT
BMO Capital initiated coverage of EastGroup Properties with an Outperform rating and $190 price target. The company focuses on infill, small-bay industrial assets, which is currently more defensive than big-box warehouse, that has significantly more new supply and tepid demand, the analyst tells investors in a research note. Additionally, 89% of EastGroup's assets are the Sunbelt, which has attractive population growth and is a likely beneficiary of on- and near-shoring trends, says BMO.
