BMO Capital raised the firm’s price target on Phillips Edison to $40 from $37 and keeps a Market Perform rating on the shares. The company has executed a strong analyst day, showcasing the depth of its management team, the analyst tells investors in a research note. The event focused on Phillips Edison’s track record, operating platform, leasing strategy, acquisition opportunity set, and balance sheet, while also highlighting its fundamentals as “the strongest in 30 years with limited supply”.
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