Raymond James analyst RJ Milligan upgraded Regency Centers to Outperform from Market Perform with a $69 price target. The analyst currently favors the shopping center real estate investment trusts with higher exposure to grocery anchored centers and limited exposure to the big-box tenant fallout. Regency Centers has one of the best development/redevelopment pipelines across the space, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on REG:
- Kimco Realty upgraded at Compass Point yesterday after RPT deal
- Regency Centers price target lowered to $74 from $79 at BofA
- Staar Surgical to replace Urstadt Biddle in S&P 600 at open on 8/22
- Regency Centers Closes Acquisition of Urstadt Biddle Properties
- Regency Centers closes acquisition of Urstadt Biddle Properties