Goldman Sachs analyst Caitlin Burrows resumed coverage of Phillips Edison with a Buy rating and $38 price target. Goldman estimates 4.8% FFO growth per year over 2023-2025, above the Retail simple average of 2.2%, the analyst tells investors. The firm expects the pace of acquisitions to increase over the next few quarters and believes Phillips’ guidance of $250M in acquisitions for 2023 may prove conservative, the analyst added.
Published first on TheFly
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