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Fly News Breaks for December 13, 2016
EGP
Dec 13, 2016 | 06:03 EDT
Citi analyst Michael Bilerman downgraded EastGroup Properties to Neutral saying the company's s Houston exposure "could get worse before it gets better." The analyst lowered his price target for the shares to $73 from $78.
News For EGP From the Last 2 Days
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.
