Mizuho analyst Vikram Malhotra upgraded EastGroup Properties to Buy from Neutral with a price target of $185, up from $180. The analyst sees an attractive risk/reward at current share levels given the company’s "strong growth profile" and its ability to weather any near-term economic challenges. EastGroup’s submarkets seeing higher demand than peers and lower vacancy than anticipated, and its smaller box and infill strategy positions the company to take share, the analyst tells investors in a research note.
Published first on TheFly
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