Brixmor price target lowered to $24.50 from $25 at Stifel

Stifel analyst Simon Yarmak lowered the firm’s price target on Brixmor to $24.50 from $25 and keeps a Hold rating on the shares. Brimox reported a Q1 FFO that was higher than the firm’s estimate and in-line with the Street. While the retail environment is challenging, the company’s portfolio is stable and contains both near-term and long-term value creation opportunities.