EastGroup Properties price target lowered to $170 from $177 at Evercore ISI

Evercore ISI lowered the firm’s price target on EastGroup Properties to $170 from $177 and keeps an In Line rating on the shares. The firm has adjusted price targets across its residential and industrial REIT sector coverage in order to put these stocks “on a level playing field with other valuation changes we’ve made” as part of its Q3 earnings previews, the analyst tells investors in a note titled “Higher Bond Yields Continue To Wreak Havoc.”