Citi raised the firm’s price target on Brixmor (BRX) to $31 from $27 and keeps a Neutral rating on the shares. The firm is updating its Brixmor model to incorporate Q4 results and refreshed forward expectations. Citi says the higher price target reflects strengthening strip center fundamentals, improving tenant credit quality, and the potential upside embedded in Brixmor’s redevelopment pipeline.
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