Evercore ISI raised the firm’s price target on EastGroup Properties to $175 from $172 and keeps an In Line rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
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Read More on EGP:
- EastGroup upgraded to Outperform from Market Perform at Raymond James
- EastGroup Properties raises FY23 FFO view to $7.73-$7.77 from $7.58-$7.68
- EastGroup Properties reports Q3 FFO $1.95 ex items, consensus $1.93
- EastGroup Properties Announces Third Quarter 2023 Results
- EGP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
