J.P. Morgan Sticks to Its Hold Rating for Phillips Edison & Company (PECO)

In a report released yesterday, Michael Mueller from J.P. Morgan maintained a Hold rating on Phillips Edison & Company (PECOResearch Report), with a price target of $33.00. The company’s shares closed yesterday at $31.96.

According to TipRanks, Mueller is a 2-star analyst with an average return of -0.6% and a 51.53% success rate. Mueller covers the Financial sector, focusing on stocks such as Cubesmart, Extra Space Storage, and Public Storage.

Currently, the analyst consensus on Phillips Edison & Company is a Hold with an average price target of $32.00, a 0.13% upside from current levels. In a report released on November 11, Mizuho Securities also maintained a Hold rating on the stock with a $31.00 price target.

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PECO market cap is currently $3.74B and has a P/E ratio of 139.14.

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Phillips Edison & Co Inc is a real estate investment trust. It invests primarily in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience.

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