Brixmor upgraded to Outperform at Wolfe Research on steady internal growth

As previously reported last night, Wolfe Research analyst Andrew Rosivach upgraded Brixmor to Outperform from Peer Perform with a $29 price target. At a time when he has broadly reduced growth projections across his coverage, he sees Brixmor having steady internal growth with limited external financing needs, Rosivach said. The current state of retail, with low supply and "unwavering demand from major retailers," is set up nicely for real estate fundamentals in this area, the analyst added.