Brixmor price target raised to $23 from $22 at Jefferies

Jefferies analyst Linda Tsai raised the firm’s price target on Brixmor to $23 from $22 and keeps a Hold rating on the shares. Brixmor should continue generating rental rate growth, given a pipeline of below-market leases and its shopping center repositioning program, but the current macro environment is concerning as the consumer should be pressured in a slowdown, the analyst tells investors in a research note.