Phillips Edison price target raised to $35 from $33 at Mizuho

Mizuho analyst Haendel St. Juste raised the firm’s price target on Phillips Edison to $35 from $33 and keeps a Neutral rating on the shares. Shopping center real estate investment trusts posted strong Q4 earnings, but fiscal 2023 guidance outlooks are generally weak despite the recent leasing momentum, the analyst tells investors in a research note. The firm sees a lack of near-term catalysts for the group.