Brixmor price target lowered to $29 from $32 at Jefferies

Jefferies analyst Linda Tsai lowered the firm’s price target on Brixmor (BRX) to $29 from $32 and keeps a Buy rating on the shares as part of a broader research note previewing 2026 for Retail REITs. The firm sees retail as “well positioned” with a strong lease backlog starting in FY26-27 while supporting net operating income growth, the analyst tells investors in a research note. Jefferies adds however that while Brixmor should continue generating rental rate growth, given a pipeline of below-market leases and its shopping center repositioning program, the current macro environment is concerning as the consumer may be pressured in a slowdown.