EastGroup Properties price target raised to $186 from $175 at Truist

Truist raised the firm’s price target on EastGroup Properties to $186 from $175 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is relatively bullish on the sector following a challenging 2023 that was mired by volatile inflationary environment and believes that REITs should benefit from a favorable backdrop of improved cost of capital environment, liquidity and attractive valuation levels, the analyst tells investors in a research note.