Regency Centers price target raised to $72 from $71 at Truist

Truist analyst Ki Bin Kim raised the firm’s price target on Regency Centers to $72 from $71 and keeps a Buy 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.