Brixmor upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Brixmor to Buy from Neutral with a $27 price target. The company’s and leasing spreads are providing “reliable growth” while the shares are trading at a discounted multiple, the analyst tells investors in a research note. The firm sees Brixmor’s “sector-leading” leasing spreads, significant signed but not occupied pipeline and occupancy upside opportunity driving the company’s growth.